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News Alert: Buffett, GS

Warren Buffett joins Goldman Sachs in bid for Fannie Mae's $3 billion in tax credits, with CNBC's Simon Hobbs.

Keywords Mentioned in Video:

Berkshire Hathaway (0:34), Fannie Mae (0:16), Freddie Mac (0:16)

Automatically Generated Transcript,  may not be 100% accurate  (show more)

" Welcome back I'm Simon halted CNBC's global headquarters how we go to break -- story courtesy of The Wall Street Journal. We Johnson new twists to the news that we already have. The Goldman Sachs is going to attempt. Too -- tax credits possibly has launched a three billion dollars for the mortgage providers Fannie Mae and Freddie Mac both of tax credits the popular book top. A part of and all for a to knowing comparable latest and I'll let you what does today's mortgage users at the moment Goldman Sachs would like to buy -- we don't know what price. In order to reduce it doesn't tax. Bill -- we now learn about the Warren Buffett of Berkshire Hathaway no less. Bill be interested in joining Goldman in that in -- obviously amount. Who is respected on main street as well within a Wall Street itself about a lot of further twist to that particular decision that the Obama administration has to make. There was speculation that the Treasury Department would attend. To block the sale all of those full political reasons obviously they now control both Fannie Mae and Freddie Mac as we get more people not Larry -- he will bring it to you back to you."


Current DateTime: 01:14:37 29 Nov 2009
LinksList Documentid: 19980366
Expiration DateTime: 11/29/2009 1:15:06 PM
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Current DateTime: 01:14:37 29 Nov 2009
LinksList Documentid: 19792712
Expiration DateTime: 11/29/2009 1:15:32 PM