Yield-hungry investors take notice. The Treasury plans to sell - through modified Dutch auction...

|By:, SA News Editor

Yield-hungry investors take notice. The Treasury plans to sell - through modified Dutch auction beginning today - preferred stock it holds in 7 TARPed banks: LION, FBMI, FCZA, MCBI, PEBK, PULB, SFST. The Treasury is more concerned with unloading shares than getting a fancy price, and an investor doing his/her homework could see double-digit returns.