November 7, 2013
Taxpayers near break-even point with Fannie, Freddie bailouts (Jim Puzzanghera, November 7, 2013, LA Times)
Posted by Orrin Judd at November 7, 2013 10:03 PMMore than five years after the government seized Fannie Mae and Freddie Mac, taxpayers are close to breaking even on the controversial bailouts of the mortgage finance giants. [...]"We are quickly approaching the point when taxpayers will receive a positive return on their investment in this company," Fannie Mae Chief Executive Tim Mayopoulos told reporters. "That's obviously very good news for taxpayers."