Stock Market News: Fannie Mae (NYSE:FNM), Freddie Mac (NYSE:FRE), American International Group (NYSE:AIG), Citigroup Inc. (NYSE:C), Cablevision Systems (NYSE:CVC)

The cost of fixing Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE), the mortgage companies that last year bought or guaranteed three-quarters of all U.S. home loans, will be at least $160 billion and could grow to as much as $1 trillion after the biggest bailout in American history. Fannie and Freddie, now 80 percent owned by U.S. taxpayers, already have drawn $145 billion from an unlimited line of government credit granted to ensure that home buyers can get loans while the private housing-finance industry is moribund. That surpasses the amount spent on rescues of American International Group (NYSE:AIG), General Motors Co. or Citigroup Inc. (NYSE:C) which have begun repaying their debts. -Bloomberg Cablevision Systems (NYSE:CVC) announced Monday morning it will acquire Bresnan Communications, which is majority-owned by Providence Equity…