Taxpayers earned $25 billion on mortgage bonds, Treasury says

03/19/2012 | Wall Street Journal, The

The Treasury Department is expected to announce that purchases of mortgage bonds have earned taxpayers a $25 billion profit. Treasury officials said its efforts to sell the bonds show that the government can avoid roiling markets when they unwind rescue measures. "We said if we thought there was any stress in the market around this, we would pull back," said Mary Miller, the assistant secretary for financial markets at the Treasury. "We frankly never saw that and just continued."

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Wall Street Journal, The

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