The banks, who remain nameless were granted permission to buy back the warrants that the Treasury holds in each company at “fair market value.”
Please tell me "fair market value" isn't pennies on the dollar that Treasury paid.
morganb
· 5 months ago
that's the rub isn't it? You have to assume that is the case. But the article says that the banks have been paying dividends on the stock but that's probably a drop in the bucket compared to the drop in FMV.
George Favvas
· 5 months ago
Why wouldn't Treasury just auction off the warrants in the open market? Then we'd be sure they're paying fair MARKET value, right?
All Comments
Please tell me "fair market value" isn't pennies on the dollar that Treasury paid.
article says that the banks have been paying dividends on the stock but
that's probably a drop in the bucket compared to the drop in FMV.