Treasury to Bar Fannie Tax Credit Sale

Source: Asian Wall Street Journal

Singapore : Singapore | 19 days ago

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

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News Stories

Administration Rejects Plan to Buy Fannie Mae Credits

News Source: The New York Times | 18 days ago

The Obama administration on Friday rejected a proposal by Goldman Sachs to buy as much as $1 billion in tax credits from Fannie Mae , saying the deal would have amounted to a net loss for taxpayers. “It is our view that the proposed sale would...
Treasury to Bar Fannie Tax Credit Sale

News Source: Asian Wall Street Journal | 18 days ago

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

Blogs

Treasury Rejects Fannie Mae Sale of Tax Credits

Blog Source: www.moneysnatch.co.uk

Treasury Rejects Fannie Mae Sale of Tax Credits. calendar November 6, 2009. Nov. 6 — The Treasury Department rejected Fannie Mae's request to sell $2.6 billion in low-income housing tax credits. A Treasury official confirmed the ...
All About Work & Financial: Treasury Rejects Fannie Mae Sale of ...

Blog Source: guanteik.blogspot.com

Treasury Rejects Fannie Mae Sale of Tax Credits. Nov. 6 (Bloomberg) -- The Treasury Department rejected Fannie Mae's request to sell $2.6 billion in low-income housing tax credits. A Treasury official confirmed the decision in an ...
Treasury Rejects Fannie Mae Sale of Tax Credits (Update2 ...

Blog Source: investing-for-beginners.org

Nov. 6 (Bloomberg) -- The US Treasury rejected Fannie Mae's request to sell $2.6 billion in low-income housing tax credits that the mortgage-finance company wasn't likely to use.
Treasury Rejects Sale of Tax Credits to Goldman - DealBook Blog ...

Blog Source: dealbook.blogs.nytimes.com

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.