Topic - Karl Smith

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  • For example, he noted a key breakthrough this year when Fannie Mae and Freddie Mac achieved profitability after five years of government conservatorship and a deep housing recession, enabling them to provide the Treasury with a one-time cash dividend of $87 billion that partially repays some of the $190 billion they received in a taxpayer-financed federal bailout in 2008.

    Economy hums along, proves taxing and spending prognosticators wrong →

  • The revenue windfall from Fannie and Freddie, which was part of the reason for the big reduction in federal spending and deficit estimates this spring, also provided a powerful clue about the underlying strength of the economy, Mr. Smith said.

    Economy hums along, proves taxing and spending prognosticators wrong →

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