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SURPRISE! THE BIG BAD BAILOUT IS PAYING OFF.
- 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.
- Subjects :
- FINANCIAL bailouts
GLOBAL Financial Crisis, 2008-2009
MORTGAGE-backed securities
Subjects
Details
- Language :
- English
- ISSN :
- 00158259
- Volume :
- 164
- Issue :
- 2
- Database :
- Complementary Index
- Journal :
- Fortune
- Publication Type :
- Periodical
- Accession number :
- 62836473