Replies to post #1126 on Fannie Mae Preferred S (FNMAS)

[44centsAKAchoccake]

I don't know the answer to your question, but...

The Treasury Mortgage-Backed Securities Purchase Program has made +$25b for taxpayers.

The Federal Reserve may have excess earnings of up to about +$179b related to buying mortgage-backed securties.**

**Treasury estimates. Based on the President’s FY2013 Budget, the Federal Reserve has already remitted $82 billion in excess earnings – above what would be expected in normal times – to the Treasury through fiscal year 2011. Total excess earnings from the Federal Reserve to be remitted to the general fund are currently forecast to reach $179 billion through fiscal year 2015. The amount of future Federal Reserve earnings is uncertain and will depend on future financial, economic, and market conditions.

http://www.treasury.gov/resource-center/data-chart-center/Documents/20120413_FinancialCrisisResponse.pdf