Robbing Peter to Pay Paul - Peter Getting Paid Back?
This news just out of the Wall Street Journal sounds great.
"Fannie MaeFNMA +0.38% and Freddie MacFMCC +1.15% are expected to begin repaying taxpayers for their bailout faster than initially projected, in part because of an improving housing market."
So it reminded of us of our series on Robbing Peter to Pay Paul.
So is Peter Getting Paid Back? Remember we are all Peter, the taxpayer. So do you believe the government will pay us back the money we paid to bail out Fannie and Freddie?
If you do, we will tell you another story - and it begins "Once Upon a Time!"