Fannie Mae must be wound down despite profit, CEO says

After posting its second-best quarter in history, Fannie Mae will be sending $59.4 billion in dividends to the Treasury. That amount will bring the total amount paid to the Treasury to $95 billion. Despite the profits, Fannie Mae CEO Timothy Mayopoulos said it's important that Congress and President Barack Obama not lose sight of plans to wind down the company. "There is a risk that policymakers might look at our profitability and conclude that they do not need to take any action with respect to housing finance reform. I believe that would be a mistake," Mayopoulos said.

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