With the national debt at an estimated $70 trillion, yes trillion, what's 5T more. So now that we've bailed out Fannie and Freddie, we're just going to asume their debt and risks, to pay back the investors who knew their business was not sustainable in the first place.
Bloomberg.com: Exclusive The Bush administration is considering whether to fold Fannie Mae and Freddie Mac's $5.2 trillion in debt into the federal budget, the White House budget office and the U.S. Treasury Department said. “We're discussing how to present this in the federal budget with Treasury and stakeholders right now, but a conclusion hasn't been determined,'' said Corinne Hirsch, a spokeswoman for the Office of Management and Budget. The Government Accounting Office and other federal agencies are also weighing in on the issue.
L u k e n . o r g 