Money | Treasury Department Treasury to Sell Off $142B in Toxic Assets, Make Billions 'Notably improved' market means $15B-$20B profit for taxpayers By Nick McMaster Posted Mar 21, 2011 3:41 PM CDT Copied IIn this July 13, 2008 file photo, the Freddie Mac's corporate offices are seen in McLean, Va. (AP Photo/Pablo Martinez Monsivais, FILE) The Treasury Department will start selling the $142 billion portfolio of mortgage-backed securities, the "toxic" assets it bought up during the financial crisis, the Wall Street Journal reports. The securities are mostly 30-year, fixed-rate mortgage-backed securities guaranteed by either Fannie Mae or Freddie Mac. And having bought the securities dirt-cheap, the Treasury expects to make between $15 billion and $20 billion for taxpayers in the next year. Read These Next New Fox star, 23, misses first day after car troubles. Iran's supreme leader makes first public comments since ceasefire. Her blood isn't compatible with anyone else's. Man accused of killing his daughters might be dead. Report an error