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 Multiple people have been shot at a Mormon church in Michigan. North Carolina shooting suspect once walked the red carpet. Locals are furious about the planned demolition of a landmark bridge. The gunman who killed 4 at a Michigan church was an ex-marine. Report an error