Fri, Jul 10th, 2009
Related topics:
The U.S. Treasury Department is selling stock warrants back to Troubled Asset Relief Program recipients for 66 percent of fair market value, according to a report issued Friday by the Congressional Oversight Panel.
Through the TARP, the Treasury Department bought preferred stock and warrants from banks to prop up lending.
Warrants, which give the holder the right to buy a company’s stock at some point in the future for a specific price, presented a lot of potential upside for taxpayers, should bank stock prices rise above the face value of the warrants.
Related stories from top sites:
US House OKs Treasury funding with auto dealer help
Jul 2nd, 2009 - Reuters
WASHINGTON, July 16 (Reuters) - The U.S. House ofRepresentatives on Thursday approved a $24.2 billion bill tofund the U.S. Treasury Department for 2010 and also tries...
Business lender CIT scrambles for aid
Jul 2nd, 2009 - OrlandoSentinel.com
NEW YORK - In a sign the financial crisis is not yet over, CIT Group Inc., the No. 1 lender to small and mid-sized U.S. businesses, is holding advanced talks with the government about receiving emergency federal assistance...
US June budget gap $94.32 bln, record for June
Jul 2nd, 2009 - Reuters
WASHINGTON, July 13 (Reuters) - The U.S. government rang upa $94.32 billion budget deficit in June, a record for themonth, as the price tag for efforts to prop up the economy,banks and automakers mounted while revenues weakened.
US Could Lose $2B In TARP, Warns Oversight Panel
Jul 2nd, 2009 - The Huffington Post
The government could lose out on more than $2 billion if federal officials continue to undervalue part of the financial bailout package, a government watchdog panel will say on Friday. The Congressional Oversight Panel...
GM Bankruptcy Judge Ends Hearing, Will Weigh Automaker’s Sale
Jul 2nd, 2009 - Bloomberg
July 3 (Bloomberg) -- General Motors Corp.’s battle withcreditors over its reorganization neared an end yesterday,leaving it up to a bankruptcy judge to decide the fate...
Related videos from YouTube:
- Financial (TARP) Bailout...Greta Interviews Elizabeth Warren, Chairwoman of the TARP Congressional Oversight Panel. Growing scandal over revelations that Henry Paulson's TARP plan only got .66 cents on the dollar of ...
- Congressional Oversight...US Rep. Mary Jo Kilroy questioned the head of two government bailout watchdogs and both agreed a public auction to sell taxpayer "stock options" would be the most transparent and maximize profit returns for Americans.
- Treasury Department Misleading...The Congressional Oversight Panel (COP) released a report Friday, February 6 regarding the Treasury Departments handling of the $700 billion bailout package thus far. The bailout has been ...
- Elizabeth Warren: On the...www.thetakeaway.org Try and imagine tracking $700 billion dollars as it moves out the doors of the United States Treasury Department and into the coffers of America's biggest banks? That's essentially the charge of Elizabeth Warren ...
Related stories from Digg:
Former Senator Who Sits on TARP Panel Joins Bank Board
Former Senator John Sununu (R-NH), who serves on the Congressional Oversight Panel monitoring the government's bailout program, has joined the board of a subsidiary to Bank of New York Mellon -- a firm that, in addition to receiving bailout funds, has been hired by the Treasury Department to administer the program.(Political News)
niradgMon, Mar 2nd, 200922 Diggs, 1 CommentsTPMMuckraker | Talking Points Memo | Who's Running TARP? You
Last week, Congress's oversight panel for the TARP funds confirmed in a report that the Treasury Department essentially has no idea what banks have done with the astronomical sums they've been handed.(Political Opinion)
poopsybythebayMon, Jan 12th, 20096 Diggs, 0 CommentsSurprise: Oversight Panel Wants Better Answers From Treasury
Less than a month after its first report, a congressional panel overseeing the Treasury Department's $700 billion financial bailout is demanding more answers.(Business & Finance)
jaybolFri, Jan 9th, 200962 Diggs, 1 Comments
Leave a Reply