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TARP Warrant Sale Shows Banks May Reap 'Ruthless Bargain'

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posted on May, 22 2009 @ 08:55 AM
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TARP Warrant Sale Shows Banks May Reap 'Ruthless Bargain'


www.bloomberg.com

May 22 (Bloomberg) -- Banks negotiating to reclaim stock warrants they granted in return for Troubled Asset Relief Program money may shortchange taxpayers by almost $10 billion if Treasury Secretary Timothy Geithner’s first sale sets the pace, data compiled by Bloomberg show.

For the 20 largest TARP recipients, the total savings would be $9.985 billion, the data show.
(visit the link for the full news article)




posted on May, 22 2009 @ 08:55 AM
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The reason why I made this thread is just to show how unimportant this news is.
For a nation that has been looted in trillions of dollars, 10 Billion seems pretty insignificant right now.

That's the theme of the thread i wanted to give, for you to realize that your in a time where $10Billion of stolen money is near insignificant.

So...... what's next?

www.bloomberg.com
(visit the link for the full news article)



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