The U.S. government's decision to take all profits from Fannie Mae and Freddie Mac was the right thing to do even in light of the companies' subsequent return to profitability, a former Treasury Department official said in documents released this week.

The comments from Timothy Bowler, who left the Treasury last summer, were included in deposition excerpts and documents that are the latest to be made public in the long-running struggle between the U.S. and private shareholders of the two companies.

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