![](https://investorshub.advfn.com/uicon/732548.png?cb=1669206596)
Sunday, November 05, 2023 1:23:21 AM
Warren Buffett's Berkshire Hathaway Inc. has joined Goldman Sachs Group Inc. in the investment bank's bid to buy $3 billion in tax credits from government-owned mortgage giant Fannie Mae, according to people familiar with the matter.
Source.
The Treasury Department blocked the deal.
So, he tried to profit off Fannie Mae when it was in trouble and not the other way around as stated in "gurufocus":
He said he probably cost Berkshire Hathaway at least $5 billion by not buying Federal National Mortgage Association (also known as Fannie Mae) (FNMA, Financial) 20 years ago when it was in trouble.
Buffett is known for investing only if there are government guarantees attached and in crisis (famous 2008 letter to his "friend" Hank Paulson, requesting Public-Private Partnerships)
ECGI Holdings Announces LOI to Acquire Pacific Saddlery to Capitalize on $12.72 Billion Market Potential • ECGI • Jun 13, 2024 9:50 AM
Fifty 1 Labs, Inc. Announces Major Strategic Advancements and Shareholder Updates • CAFI • Jun 13, 2024 8:45 AM
Snakes & Lattes Opens Pop-Up Location at The Wellington Market in Toronto: A New Destination for Fun and Games - Thanks 'The Well', PepsiCo, Indie Pale House & All Sponsors & Partners for Their Commitment & Assistance Throughout The Process • FUNN • Jun 13, 2024 8:18 AM
HealthLynked Introduces Innovative Online Medical Record Request Form Using DocuSign • HLYK • Jun 12, 2024 8:00 AM
Ubiquitech Software Corp (OTC:UBQU) Posts $624,585 Quarterly Revenue - Largest Quarter Since 2018 • UBQU • Jun 11, 2024 10:13 AM
Element79 Gold Corp Files for OTCQB Uplisting, Provides Financial Update • ELEM • Jun 11, 2024 9:25 AM