Fannie Mae CEO: 'We Will Be Profitable For Years To Come'

TAXPAYER PROFIT

Bloomberg Interviews Fannie Mae CEO Tim Mayopoulos

Timothy J. Mayopoulos, CEO of Fannie Mae, talks about the company's turnaround and outlook, the likelihood U.S. taxpayers may profit from their bailout of Fannie and the need for clarity from Congress about the future of the housing finance.

"There is a risk that policy makers will look at our profitability and conclude that they don't need to take action to reform the housing finance system. That would be a mistake."

Details here:

Fannie Mae To Pay Treasury $59 Billion After Record Profit

Comments

[DailyBail]

"And while it may sound like crazy talk, we probably also need to at least discuss whether Fannie and Freddie should be taken out of conservatorship once they pay back the money Treasury advanced them and they are in fact solvent," he added. "Unfortunately, the current Treasury agreement treats them as wards of the state regardless of how much money they return to the government or how much money they earn."

http://www.cnbc.com/id/100724407

[DailyBail]

Was able to get in 18 holes last night for the first time this year. Played the championship tees at the Indiana University course, 3 birdies, 6 bogeys, 1 double bogey, for a 5-over 77.

[robertsgt40]

Profitable for who? Certainly not the taxpayer. Banks are "profitable" too...at taxpayer expense

[LadyLiberty]

LIAR, LIAR, PANTS ON FIRE

Fannie Chief: Payout Must Not Delay Revamp

SNIP

Fannie posted net income of $58.7 billion in the first quarter, due largely to a one-time $50.6 billion gain related to tax benefits.

more

http://online.wsj.com/article/SB10001424127887324744104578472633554555060.html

EYE ON THE BAIL OUT Fannie and Freddie

Unlimited
Total Allocation
Disbursed
$187B
Revenue
$65.2BNet Outstanding: $122B

The total amount invested in Fannie and Freddie so far is$187B. They have returned none of the money invested so far—and might never do so.


http://projects.propublica.org/bailout/

[SKINFLINT]

http://m.nakedcapitalism.com/nakedcapitalism/#!/entry/house-republican-gse-bill-would-codify-mers-preempt-private-property,51e3c7a787443d6c8e597b17. Christa mighty.

[skinflint]

http://www.zerohedge.com/news/2014-11-05/signal-coming-collapse. Hey Steve, is it time yet?