Detailed text transcripts for TV channel - FOXNEWS - 20100514:16:40:00
More than 50%, end up redefaulting within about six months. jon: so people who have defaulted on their mortgage, they get some money from fannie mae or freddie mac, tax money, and then they default again. >> that's right. i'm afraid that's happening way too much, and about $7 and a half billion fannie mae said in the first quarter were of these additional costs. jon: but surely, paul, you're going to tell me that the ceiling is here and the money's going to -- >> i'd love to tell you that, jon, but the congressional budget office estimates that when, before it's all done they could cost us $38...
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