TARP Warrant Sale Shows Banks May Reap ‘Ruthless Bargain'
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
If anyone thought the taxpayer was going to benefit form this TARP, they need to get a tarp, wrap theirself in it and cry. The only people who will make money on this is politicians. lobbyists, and banks.