The US Treasury said Monday it had earned $25 billion from investments it made in mortgage-backed securities during the height of the financial crisis in 2008-2009.
Announcing the completion of its disposal of its position in the securities, which were at the center of the meltdown of the financial system, the Treasury said taxpayers received total cash of $250 billion from the portfolio — $25 billion more than the initial US investment.
Monday, March 19, 2012
Surprise! The U.S. Made Money Off These Investments!
Take that, GOP!:
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