quality model was recently deployed as spearheaded by as you see chairwoman mary jo white and the cohen foresman chief george kanellos and arrest me who are both from deborah boys and clinton at the white shoe box firm that defends companies accused of accounting fraud among other things and here is what's in your prime interest. now fannie mae and freddie mac. were taken into conservatorship and two thousand and eight when they received over one hundred seventeen billion dollars. in taxpayer bailouts now there's been a lot of headlines about fannie and freddie's record profits last quarter further the mortgage giants will pay the u.s. treasury fifty nine billion dollars in dividends which will put off the debt ceiling debate in congress now some have reported that fannie and freddie's profits words everand by a recovering housing market but according to fat fannie ten q. her net income was primarily driven by record re crediting tax deferred assets to further discuss this i have with me john pryor of politico thanks for having me thanks for joining us so let's talk about this fifty nine billion