Fannie Mae-No Politics (FNMA)

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News: U.S. estimates Fannie, Freddie to repay $179.2 bln to taxpayers
WASHINGTON, March 10, 2014

http://www.brecorder.com/business-a-finance/industries-a-sectors/161676-us-estimates-fannie-freddie-to-repay-$1792bn-to-taxpayers.html

(Reuters) - U.S. government-owned mortgage financiers Fannie Mae and Freddie Mac could send about $179.2 billion in profits back to taxpayers over the next 10 years, the Office of Management and Budget said in a report released on Monday.

Fannie Mae and Freddie Mac have operated under federal conservatorship since 2008, and have returned to profitability as the housing market recovered.

So far, Fannie and Freddie have borrowed $187.5 billion from the Treasury, and by the end of March they will have had paid $202.9 billion in dividends.



Don't these writers see the irony in the last statement? They've already been paid back...why keep filling the government's coffers with private money?