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A $140 Billion I.O.U. - JOSHUA ROSNER

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Fannie Mae and Freddie Mac owe the American taxpayer a huge debt. Why won't anybody in Washington demand our money back?

"Consider the elephant in the room: Fannie Mae and Freddie Mac owe American taxpayers nearly $140 billion -- and there seems to be no plan on any front to pay it back."
"Today, five years after the housing crisis began and well over a decade since lawmakers were made aware of the economic turmoil a failing Fannie and Freddie could wreak, it's time for the public to demand some answers.
"Maybe we won't get all of them. But we can start, at least, by posing two simple questions to every lawmaker within earshot: What are the plans to recover the $140 billion the American taxpayer is owed -- and when will we be paid back?"

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At www.nytimes.com

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