Reply #4: And we ain't seen nothing yet. Get ready:

[chill_wind]

Fannie Mae, Freddie Mac bailout cost is likely to rise to $154 billion, agency projects

http://www.washingtonpost.com/wp-dyn/content/article/2010/10/21/AR2010102101941.html

And...

Repayment unlikely

In any event, it is becoming increasingly clear that the rescue of Fannie and Freddie will be the most expensive part of the government's response to the financial crisis. While many banks and even American International Group have repaid or are working to reimburse the government, the likelihood of Fannie and Freddie doing so is slim, their regulator said.