TARP Warrant Sale Shows Banks May Reap ‘Ruthless Bargain'

Bloomberg by Mark Pittman | May. 22, 2009 (News Report)

Banks negotiating to reclaim stock warrants they granted in return for Troubled Asset Relief Program money may shortchange taxpayers by almost $10 billion if Treasury Secretary Timothy Geithner’s first sale sets the pace, data compiled by Bloomberg show. Full Story »

Posted by Kaizar Campwala

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Derek Hawkins
4.2
 by Derek Hawkins - May. 22, 2009

Taxpayers could be out some $10 billion if Geithner allows banks to buy back stock warrants at the same terms of his first sale, Bloomberg reports. Why other publications aren't hammering this story too, I'm not sure. This is one of the more crucial pieces to come out of TARP coverage. Bloomberg's analysis is impressive.

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