Haven't they SUCKED ENOUGH BLOOD out of us?!!!!
Related: Breaking News: The Biggest Bonuses of All Time
And GUESS WHO wants to SELL IT to THEM, readers!
"Fannie Mae studies write-down; Treasury rejects bid to sell $5.2b in housing credits" by Dawn Kopecki, Bloomberg News | November 10, 2009
WASHINGTON D.C. - Fannie Mae is reviewing whether it will have to write down $5.2 billion in low-income housing tax credits after the US Treasury rejected its request to sell the investments, the mortgage-finance company said yesterday.
The Treasury found an agreement to sell about half of Fannie Mae’s credits would have cost taxpayers more than the company would gain from the deal, according to a letter sent to the Washington-based company. The Treasury was considering whether to let Goldman Sachs Group buy credits, which could be used to lower the firm’s tax bill....
Like TREASURY has CARED about TAXPAYERS through all this!
The prospect of Goldman Sachs benefiting from Fannie Mae’s tax credits was politically unpalatable, said Paul Miller, a bank analyst with FBR Capital Markets in Arlington, Va.
“Every politician on Capitol Hill right now hates Goldman,’’ Miller said in an interview Friday. “Politically, this would look really bad.’’
SO WHAT? They OBVIOUSLY DON'T CARE ANYMORE down there, otherwise they would be DOING WHAT the PEOPLE WANTED and WOULD NOT HAVE GIVEN them the FIRST LOOTING!!!!!!
Six House members urged Treasury Secretary Timothy Geithner, in a letter sent Thursday by Representative Peter Welch, a Vermont Democrat, to oppose the sale:
“[It would be] extremely lucrative for Goldman, minimally helpful to Fannie, and extremely harmful to the US taxpayers. Goldman’s record profits this year - they are on track to award $23 billion in bonus compensation - suggest the taxpayers have a better use and greater claim on these funds than a private, highly profitable investment bank.’’
But this government is LOOKING OUT FOR YOU, 'murkn!
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Keep chewing, America.
