The Treasury today announced its plan to sell several warrant positions received in consideration for investments made under the Capital Purchase Program.
Over the next month, Treasury intends to conduct auctions to sell its warrant positions in JP Morgan Chase & Co., Capital One Financial Corporation, and TCF Financial Corporation.
Selling at the top, so they can crow they made a profit for the "taxpayer"? Will they get out before the market crashes? Who will get stuck with these highly volatile instruments?
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