Banks Giving Back
As we noted yesterday, a number of the biggest banks are pushing to return their TARP money. This morning, sources whisper to the Financial Times that the government will probably approve a group of five or so big banks all at once, rather than one at a time. One pressing question is how much the Treasury will accept for the warrants it holds of these banks' stock. Analysts say the Treasury accepted far too little in exchange for the warrants it held in a smaller Indiana bank that returned its TARP money, the first publicly traded company to do so.
Other links:
Local Banks Face Big Losses (WSJ)
Obama to Sign Bill Creating Commission to Study Meltdown (AP)
FDIC Weighs Fee That Would Hit Big Banks Harder (WSJ)
Lehman Seeks Probe into Sale to Barclays (FT)
As big banks return their TARP money, Fannie Mae and Freddie Mac continue to be a drain.
Latest Stories in this Project
- Search the Fed's Documents Detailing Their Lending to Banks During the Crisis
- Behind Administration Spin: Bailout Still $123 Billion in the Red
- The Bailout Yearbook: The Stars and the Slackers
- Identifying Suspicious Short Selling, But Not Who's Behind the Trades
- Treasury's 'Point Man' on AIG Bailout That Benefited Goldman, Owned Goldman Stock
Get Updates
Our Hottest Stories
- Freddie Mac Bets Against American Homeowners
- Why Fannie and Freddie Are Hesitating to Help Homeowners
- Bets Against Homeowners Must Stop, Freddie Mac Was Told
- Drive-by Scanning: Officials Expand Use and Dose of Radiation for Security Screening
- By the Numbers: Life and Death at Foxconn
- How the Stimulus Revived the Electric Car
- $10 Million Fine on Red Cross Highlights Its Troubled History of Blood Services
- Allergan Erases Doctor Payment Records
- With Spotlight on Super PAC Dollars, Nonprofits Escape Scrutiny
- Freddie Mac Bets Against American Homeowners
- Drive-by Scanning: Officials Expand Use and Dose of Radiation for Security Screening
- How the Stimulus Revived the Electric Car
- Meet the Obscure Federal Regulator Who's Not Helping Homeowners
- By the Numbers: Life and Death at Foxconn
- $10 Million Fine on Red Cross Highlights Its Troubled History of Blood Services
- Why Fannie and Freddie Are Hesitating to Help Homeowners
- One Soldier's Progress Against Traumatic Brain Injury
- Bets Against Homeowners Must Stop, Freddie Mac Was Told
- Senator Demands Answers from Freddie Mac’s Regulator
