Fannie Mae To Pay Treasury $59 Billion After Record Profit

May 10, 2013 at 5:08 PM
DailyBail in Bank Bailouts, bailout, banks, fannie and freddie, fannie mae, fannie mae, freddie mac, freddie mac, treasury

Fannie Mae to Pay Treasury $59.4 Billion After Record Profit | bloomberg.com/news/2013-05-0…

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After this latest payment, Fannie Mae will have paid back Treasury a total of $95 billion, compared with $117 billion of capital infusions the company has received. Freddie Mac, which yesterday reported a $4.6 billion profit, will have paid $36 billion, after drawing $72 billion of aid, and CEO Don Layton said it may release $30 billion of tax-credits as soon as next quarter.

 

 

Article originally appeared on The Daily Bail (http://dailybail.com/).