WASHINGTON Feb 21 Fannie Mae said on
Friday it would soon send the U.S. Treasury $7.2 billion, a
profit-related dividend that makes taxpayers whole for the 2008
bailout of the mortgage-finance giant and its sibling company
But unlike other companies rescued by taxpayers during the
financial crisis, the firms will remain under government control
until Congress winds them down or replaces them.
Fannie Mae's and Freddie Mac's bailout terms force them both
to turn over their profits to the Treasury as dividends on the
controlling stake the government took when it bailed them out.
They cannot repurchase the government's share.