U.S. books $25B profit on sale of mortgage-backed securities

03/20/2012 | TheFiscalTimes.com · Bloomberg

The sale of $225 billion in mortgage-backed securities acquired by the U.S. government in 2008 and 2009 netted a profit of $25 billion, the Treasury Department said. The gain suggests the cost of rescuing the financial sector might turn out to be less than forecast.

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TheFiscalTimes.com · Bloomberg

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