It appears that the $400 billion that taxpayers shelled out to keep mortgage giants Fannie Mae and Freddie Mac from going under just isn't going to be enough. This Bloomberg article by Dawn Kopeckie reports that the government will probably end up bailing Freddie and Fannie out for a second time to the tune of well over $100 billion:Fannie Mae and Freddie Mac's federal regulator is renegotiating the companies' financing plan with the U.S. Treasury Department and may seek an increase to their $400 billion federal lifeline before the end of the year, according to people familiar with the talks.Treasury and Federal Housing Finance Agency officials are also debating whether to lower the cost of the companies' dividend payments on their borrowings from Treasury, according to these people, who requested not to be identified describing the internal deliberations.Fannie Mae and Freddie Mac, the largest sources of mortgage money in the U.S., have used $111.6 billion of their $400 billion in...(Read Full Post)