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Market Currents

Monday, November 2, 2009
8:15 AM TweetThis
  • Goldman Sachs (GS) is in talks to buy up to $1B in tax credits from Fannie Mae (FNM) for an undisclosed amount, but the government - which controls Fannie - is reluctant to approve a deal that would allow Goldman to reduce its tax bill "given the animus held by many lawmakers toward big Wall Street firms in general, and Goldman in particular."
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This news story has 5 comments:

  •  
    GS can't win here. If they get the credits it's same old-same old. If they don't get the credits because they back off it was just a manipulation by them so they can get a bigger deal.

    BTW, can I buy some tax credits from any of you for my personal taxes? How does that work? How about for my Sub chapter S Corp?
    Nov 02 08:20 AM | Link | Reply
  •  
    This has to warm the hearts of all those who assumed that Goldman got their subsidies directly from the government.
    Nov 02 08:24 AM | Link | Reply
  •  
    Why should GS pay taxes?
    Nov 02 08:56 AM | Link | Reply
  •  
    Who knew GS was actually a GSE? Are GSE's tax goodies available to all? If so, I want in! I doubt they go for par!
    Nov 02 08:58 AM | Link | Reply
  •  
    So on one side of the bargaining table are Goldman Sach's best.....on the other side are the same dimwits who loaned money to people with no jobs and no money.........BUT it will all get reviewed by the Treasury which basically gave Goldman tens of billions of free money.

    Brilliant!
    Nov 02 09:34 AM | Link | Reply
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