Government can be a good trader for taxpayers ;)

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.

US Banks have returned 109% of the fund given to them. AIG also returned more than 100%. This not only saved US Economy from going downward, this saved savings of retired people and saved many many jobs.


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.

Beginning in late 2008, the federal government bailed out the two firms that had become nearly the only source of loans for American home owners. With the payment announced Friday, the payments from the two firms now comes to $192 billion.
The bursting of the housing bubble in 2006 and the jump in foreclosures that followed caused massive losses for Fannie and Freddie, each of which buys home loans from lenders, bundles them up, and sells them to investors with a guarantee the loans will be repaid.




http://money.cnn.com/2014/02/21/news/economy/fannie-profit-bailout/index.html?source=yahoo_quote