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Alex Pollock: Fannie and Freddie and the 10% Moment
They can keep their profits once they stop freeloading off the taxpayers. The U.S. Treasury began rescuing Fannie Mae and Freddie Mac in September 2008, ultimately pumping $187.5 billion into the two mortgage giants. In return, it received new issues of senior preferred stock. So how has its investment turned out? This is easy to calculate:
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Posted: March 16, 2016 Wednesday 06:53 PM