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Fannie Mae posts quarterly profit, will repay U.S. $8.6 billion
San Jose Mercury News: WASHINGTON -- Seized mortgage finance giant Fannie Mae posted its seventh-straight quarterly profit in the July-through-September period and will pay the government $8.6 billion in dividends, bringing it close to offsetting the cost of its 2008 bailout, the company said Thursday.
With the latest dividend payment, due by the end of the year, Fannie will have sent $114 billion to the Treasury Department. The company has received $116.1 billion in taxpayer money, though under terms of the complicated bailout the dividend payments do not reduce the amount owed to the government.
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