November 7, 2013
Taxpayers near break-even point with Fannie, Freddie bailouts (Jim Puzzanghera, November 7, 2013, LA Times)
More 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."
Posted by Orrin Judd at November 7, 2013 10:03 PM