Blown Mortgage - Latest Comments in Incoming! 19 banks to repay TARP funds

Re: Incoming! 19 banks to repay TARP funds

Morgan Brown — Fri, 12 Jun 2009 13:50:57 -0000

That makes too much sense George :)

Re: Incoming! 19 banks to repay TARP funds

George Favvas — Wed, 10 Jun 2009 01:58:40 -0000

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?

Re: Incoming! 19 banks to repay TARP funds

Morgan Brown — Tue, 09 Jun 2009 12:07:17 -0000

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.

Re: Incoming! 19 banks to repay TARP funds

gywright — Tue, 09 Jun 2009 12:03:16 -0000

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.