The Treasury let 11 smaller banks repurchase warrants at 66% of their market value, essentially...

The Treasury let 11 smaller banks repurchase warrants at 66% of their market value, essentially giving away $10M of taxpayer profits. If the Treasury accepts similar warrant valuations from other bailed out banks, the government could lose up to $2.1B.

Comments

[CPAtrader]

Sounds like pure criminal genius to me