Bank Stock Warrants Undervalued, Panel Says »
Posted By AnteUp 5 months, 2 weeks ago in Business & FinanceWASHINGTON. According to Elizabeth Warren the Treasury Department could be undervaluing billions of dollars worth of stock warrants that it received from banks that took out loans through the government's $700 billion bailout program, a Congressional oversight panel said on Friday.
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AnteUp
Never shy about putting in my two-cent's worth.
A local reporter was scouring the neighborhood for the local's opinion
on an issue. I ...
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AnteUp5 months, 2 weeks ago
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FTA: ... the warrants already represent at least a potential profit for taxpayers.
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Well, NOT if they are undervalued by Treasury!
But then again - were we REALLY supposed to be
treated with respect and fairness after we saved
the "TOO BIG TO FAIL" from failing?
Better economic minds than mine will have to sort
this out - but this sounds tragic for those of us
who put our faith in the Change We Could Believe In.
I've always had this little memory key about "i" before
"e".........that there is a "pie" in piece and a "lie"
in believe.................sigh. -
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beavith15 months, 2 weeks ago
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the reason why Treasury would 'undervalue'them is that they realize the bank's balance sheets are still negative with regard to CDO and CDS liability.
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the banks are broke.
any view that these warrants show as a profit is wildly misleading. it'd only be true if you didn't look at the 'liability' side of the balance sheet.
buck up ante. you aren't being lied to. this is actually fiscally prudent.
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