Making an honest buck?
another intersting Wall stret deal without any risk
Fannie Mae said it reached an agreement to sell about $2.6 billion (out of 4 billion) in unused low-income-housing tax credits "to unnamed buyers." Unnamed buyers, everyone knows the buyers are Goldman Sachs and Warren Buffet. Now the debate most likely be on these lines Fannie mae will say that the deal is good for it adds to their capital and will allow more buyers into the market. The nay sayers side will say it screws up the tax code and the buyers are getting an unfair too low a price.
P.S. any agency with the word housing in it will say the deal is great while any agency connected with the Treasury will be against it. They will use the word taxpayer wihout any real information after that
Fannie Mae said it reached an agreement to sell about $2.6 billion (out of 4 billion) in unused low-income-housing tax credits "to unnamed buyers." Unnamed buyers, everyone knows the buyers are Goldman Sachs and Warren Buffet. Now the debate most likely be on these lines Fannie mae will say that the deal is good for it adds to their capital and will allow more buyers into the market. The nay sayers side will say it screws up the tax code and the buyers are getting an unfair too low a price.
P.S. any agency with the word housing in it will say the deal is great while any agency connected with the Treasury will be against it. They will use the word taxpayer wihout any real information after that
