Goldman Sachs Wants To Make A Charitable, Tax-free Contribution to Fannie Mae And Receive About $1 Billion In Tax Credits - By

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What You Should Know / November 1, 2009

Goldman Sachs Wants To Make A Charitable, Tax-free Contribution to Fannie Mae And Receive About $1 Billion In Tax Credits

online.wsj.com -- Goldman Sachs Group Inc. is in talks to buy millions of dollars of tax credits from government-controlled mortgage giant Fannie Mae, but the potential deal is running into opposition from the U.S. Treasury, which could block the deal. A sale would bring some needed financial respite to Fannie Mae. But the administration is leery about approving a deal that would help Goldman reduce its tax bill, given the animus held by many lawmakers toward big Wall Street firms in general and Goldman in particular.