Taxpayers deserve Fannie Mae, Freddie Mac windfalls
Congratulations, taxpayers! Fannie Mae and Freddie Mac, the mortgage-finance companies whose September 2008 bailout set off a financial fireball, just repaid you in full. You even made a small profit from your $187.5 billion loan.
The companies are throwing off torrents of cash as once- debased assets recover value in the housing revival. So more payback is coming, right?