U.S. taxpayers received $12.7 billion in proceeds from the government’s wind-down of its mortgage-backed securities last month, the Treasury Department said.
Through the end of August, taxpayers received a total of $172.1 billion through sales by the Treasury and principal and interest payments, Matthew Rutherford, the department’s deputy assistant secretary for federal finance, said in a statement today. The Treasury’s original investment in agency-guaranteed mortgage-backed securities was $225 billion.
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