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IPFS News Link • Economy - Economics USA

Treasury sold warrants below market value

• Reuters
The U.S. Treasury Department allowed 11 smaller banks to repurchase stock warrants at only 66% of their market value, passing up about $10 million of taxpayer profits from government bailouts.

The Congressional Oversight Panel said the government could lose $2.7 billion if it accepts similar valuation levels on warrants repurchased by remaining banks that received government capital injections.


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