January 20, 2010

THANKS, W!:

Treasury Makes Banks Pay a TARP Premium (MICHAEL R. CRITTENDEN, 1/20/10, WSJ)

In all, the Treasury has received $2.9 billion in gross proceeds from the 31 warrant repurchases through the end of last year, according to the report, which Treasury is set to release on Wednesday. That is higher than the value of market, third-party and internal estimates, which had put the total at between $2.2 billion and $2.7 billion, according to the report. The department has also received $1.1 billion in gross proceeds from three warrant auctions it conducted.

"This report makes clear that Treasury's process for selling these warrants has been consistent, transparent and has delivered strong returns for taxpayers," said Herb Allison, assistant treasury secretary for financial stability.


Stop confusing House Republicans.

Posted by Orrin Judd at January 20, 2010 6:47 AM
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