Goldman Sachs Proposes to Purchase Tax Credits from Fannie Mae - November 4, 2009

New York Times - It could be yet another opportunity for Goldman Sachs to come out a winner from the financial crisis that it helped create, but the Treasury Department appears poised to squash it.

Treasury officials confirmed on Monday that Goldman Sachs, which reported record quarterly profits last month, has proposed buying or at least borrowing tens of millions of dollars worth of unused tax credits from Fannie Mae, the mortgage finance company that is now owned by the government.

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