And The Washington Post estimates that $25-billion bailout tab could go much higher. ![]() That works out to $114 million short – per day. And though other print outlets followed the Journal, the network news shows waited until a bailout was a foregone conclusion to do much reporting.Ī day late and a dollar short? Try more than 2,000 days. Most of Washington had their hands too deep in the Fannie Mae/Freddie Mac piggy banks to work on the problem. But when The Wall Street Journal compared Fannie Mae to Enron in February, 2002, no one wanted to listen. ![]() In most cases, six years is ample warning. That’s how long it took for the Fannie Mae/Freddie Mac crisis to grow from warning sign to $25-billion bailout.
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