U.S. Could Profit From Fannie Mae Bailout, CEO Says
April 11 (Bloomberg) -- Timothy J. Mayopoulos, chief executive officer of Fannie Mae, talks about the company's turnaround and outlook, the likelihood U.S. taxpayers may profit from their bailout of Fannie Mae and the need for clarity from Congress about the future of the nation's housing finance system.
Fannie Mae packages mortgages into securities on which it guarantees payments of principal and interest. Mayopoulos speaks with Peter Cook on Bloomberg Television's "Street Smart. Adam Johnson also speaks. (Source: Bloomberg)