February 21, 2014

THE GREATEST DANGER WAS ALWAYS THAT IT WOULD WORK TOO WELL:

Mortgage bailout now profitable for taxpayers (Chris Isidore, February 21, 2014, CNNMoney)

U.S. taxpayers have recouped all of the $187 billion they gave mortgage giants Fannie Mae and Freddie Mac in one of the most expensive bailouts of the financial crisis.

The milestone was reached after Fannie Mae reported Friday it will pay Treasury an additional $7 billion in profit from the end of last year.

Basically, if Ben Bernanke and Geoerge W. Bush had been in office in 1929 there'd have been no Depression.
Posted by at February 21, 2014 1:07 PM
  
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