Taxpayers Have Now Made A $63 Billion Profit From Fannie Mae, Freddie Mac Bailouts

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Taxpayers Have Now Made A $63 Billion Profit From Fannie Mae, Freddie Mac Bailouts

Taxpayers Have Now Made A $63 Billion Profit From Fannie Mae, Freddie Mac Bailouts

Benzinga-

Shares of Federal National Mortgage Assctn Fnni Me FNMA 6.67%and Federal Home Loan Mortgage Corp FMCC 7.15% have been all over the map in the past week following comments from newly-appointed Treasury Secretary Steven Mnuchin.

When asked about Fannie Mae and Freddie Mac, Mnuchin said the Trump administration has “got to get them out of government control.”

Fannie and Freddie were placed under government conservatorship when they required taxpayer $185 billion bailouts during the financial crisis.

[BENZINGA]

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