Tagged : U.S. Government

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The U.S. government rescued the two mortgage finance firms in September 2008. The two firms had become nearly the only source of funding for home loans, and their debt was held by banks large and small across the country. At the time, few expected taxpayers would ever be made whole.

But a recovery in housing has made Fannie  and Freddie hugely profitable. And those profits flow to the U.S. Treasury.

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