U.S. Could Profit From Fannie Mae Bailout, CEO Mayopoulos Says
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U.S. taxpayers could see a net gain from their bailout of Fannie Mae as the housing market rebounds, Chief Executive Timothy J. Mayopoulos said today.
“I do think, given the strength of our future profitability, that it is possible that we will be able to pay dividends that would be equal to or greater than the amount of money that we’ve received from the Treasury Department,” Mayopoulos said in an interview that will air on Bloomberg Television’s “Capitol Gains” with Peter Cook.