Goldman intends to purchase Fannie tax credits

 As The Wall Street Journal reported, Goldman Sachs Group Inc is in negotiations to purchase millions of dollars of tax credits from Fannie Mae. But the deal could be blocked by the U.S. Treasury. Goldman hopes to get approbation in the nearest days but the administration is cautious about approving a deal. The main apprehensions are caused by the fact that the deal would help the bank reduce its tax bill. Andrew Williams, Treasury spokesman, said: "Treasury is reviewing and will not let it proceed unless it is clearly in the taxpayers' interest.” Both Goldman spokesman and spokespeople for Fannie and the Federal Housing Finance Agency (FHFA) had no comment. 

Fannie Mae, the mortgage giant controlled by the U.S. government, could get financial relief if Goldman bought the tax credits. The report also says that Goldman could line up other investors for the deal as well. Tax credits are incentives designed to bring more investment to low-income housing developments.