s: 1988-2006 data from Calculated Risk; Fannie Mae / Freddie Mac data from FHFA Annual Report to the KP Congress 2009, 2009 / 2010 data per EMBS and Hybrid Weekly. (@)E) www.kpcb.com USA Inc. | Income Statement Drilldown 197 Fannie Mae & Freddie Mac: Latest Estimated Ultimate Cost to Taxpayers Varies* Base-C