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SURPRISE! THE BIG BAD BAILOUT IS PAYING OFF.

Authors :
Sloan, Allan
Burke, Doris
Newmyer, Tory
Source :
Fortune; 7/25/2011, Vol. 164 Issue 2, p64-71, 6p, 2 Color Photographs, 2 Charts
Publication Year :
2011

Abstract

The article discusses the success of the U.S. government's bailout efforts in response to the global financial crisis of 2008-2009. Analysis by the publication indicates U.S. taxpayers will gain at least a $40 billion profit from the $14 trillion in federal interventions, and perhaps as much as $100 billion. Although the government could lose up to $130 billion on its bailout of government-sponsored enterprises Fannie Mae and Freddie Mac, these and other losses will be more than offset by profit and income from a variety of sources including mortgage-backed securities bought by the Federal Reserve.

Details

Language :
English
ISSN :
00158259
Volume :
164
Issue :
2
Database :
Complementary Index
Journal :
Fortune
Publication Type :
Periodical
Accession number :
62836473