blocked Fannie Mae’s proposed sale of nearly $3 billion in low-income housing tax credits

to Goldman Sachs Group Inc. and Berkshire Hathaway Inc. on Friday after concluding that

the deal was too costly for taxpayers. – Wall Street Journal

http://online.wsj.com/article/SB125754828200334693.html?mod=rss_Today’s_Most_Popular

Fannie’s Tax Sale to Goldman – No Deal! Bad Optics the Reason? – … My guess is that this deal did not crater because of bad economics. It bombed because of bad optics. The Administration did not want to be seen as facilitating a transaction that would have been perceived as benefiting the ‘Fat Cats’. … I fear that net net; the taxpayer will pay a price for this choice. I, for one, would like to see the actual economics of the transaction. Possibly Treasury could provide the details. My guess is that over the next five years this will cost us a few billion. … – Bruce Krasting Blog http://brucekrasting.blogspot.com/2009/11/fannies-tax-sale-to-goldman-no-deal-bad.html