Berkshire Hathaway seeks to buy tax credits from Fannie Mae
Berkshire Hathaway wants to purchase tax credits from Fannie Mae along with Goldman Sachs, sources said. The situation was already politically sensitive, and adding Warren Buffett to the mix makes it even more interesting. The Treasury Department, citing a lack of taxpayer benefits, may block the sale of Fannie Mae's tax credits. Goldman, Berkshire and other companies could use the tax credits, which are virtually worthless to Fannie Mae, to reduce their tax expenses.
Wall Street Journal, The | 11/04
This story published in SIFMA SmartBrief on 11/04/2009
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