Treasury Offers Bank Warrants For Bargain: Report

Law360, New York (July 10, 2009, 12:00 AM EDT) -- The U.S. Department of the Treasury has been selling the warrants it holds as part of the Troubled Asset Relief Program back to financial institutions for just two-thirds of their market value, according to the Congressional Oversight Panel.

The panel on Friday released its July oversight report examining TARP repayments, including the purchase of warrants, which are options for the future purchase of securities at a set price. The government takes warrants from financial institutions when it buys troubled assets worth more than $100 million....
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