Digest: Goldman blocked from buying Fannie Mae assets

Nov 7th, 2009 - Washington Post

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Goldman can't buy Fannie Mae assets

The Obama administration on Friday denied Goldman Sachs's offer to buy millions of dollars in assets from struggling mortgage finance giant Fannie Mae.

The offer was not a good deal for taxpayers, according to an administration official. "In short, withholding approval of the proposed sale affords more protection of the taxpayers than does providing approval," the official said.

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