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02 Dec

Treasury Rejects Sale of Tax Credits to Goldman

As expected, the Treasury Department blocked the sale of Fannie Mae's unused tax credits to Goldman Sachs late Friday, arguing that the government would lose more money on taxes than it would gain from the proposed deal. ...

Bury DealBook NyTimes November 06

Treasury to Bar Fannie Tax Credit Sale

The U.S. Treasury has blocked Fannie Mae's proposed sale of nearly $3 billion in low-income housing tax credits to Goldman Sachs and Berkshire Hathaway after concluding that the deal would lose too much money for taxpayers.

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Bury WSJ.com:... News US November 06


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