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nytimes.com - 5/19/2009
Banks
—
Americans were promised a reward for rescuing the nation’s banks. In return for all those bailouts, the banks essentially granted stock options to the government — a potential jackpot for taxpayers once the crisis blew over. But now banks, eager to get Washington out of their hair, are pushing ...
British banks revolt against Obama tax plan
telegraph.co.uk - 5/24/2009
British banks revolt against Obama tax plan
— telegraph.co.uk — British banks and stockbrokers may refuse to take on American clients if new international tax proposals outlined... by President Obama are passed. (more) British banks revolt against Obama tax plan

Comments vote down Daily Pundit found this 5/24/2009found this
online.wsj.com - 5/27/2009
Banks Aiming to Play Both Sides of Coin
— online.wsj.com — Some banks are prodding the government to let them use public money to help buy troubled assets... from the banks themselves. Banking trade groups are lobbying the Federal Deposit Insurance Corp. for permission to bid on the same assets that the banks ... (more) Banks Aiming to Play Both Sides of Coin
Comments vote down Calculated Risk found this 5/27/2009found this
calculatedriskblog.com - 5/18/2009
Report: Smaller U.S. Banks need $24 Billion in Capital
— calculatedriskblog.com — From the Financial Times: Smaller US banks need additional $24bn Small and medium-sized US banks must raise... some $24bn to meet the capital standards set by the government in its stress tests of large institutions, research for the Financial Times ... (more) Report: Smaller U.S. Banks need $24 Billion in Capital

Comments vote down Angry Bear found this 5/18/2009found this

Blog Reactions

TPMCafe:  Hold the Warrants

Wonk Room:  Allowing Banks To Buy Back TARP Warrants May Shortchange Taxpayers Billions

Comments
Blog Reactions

Hold the Warrants
TPMCafe — ... The government took warrants when it bailed out the banks. Now the banks are trying to weasel out of the deal by buying back the warrants cheap when they pay back the TARP money. ...

Allowing Banks To Buy Back TARP Warrants May Shortchange Taxpayers Billions
Wonk Room — ... out of TARP, and reportedly “want to buy back the warrants and wriggle free of the government.” Linus Wilson, Assistant Professor of Finance at the University of Louisiana at Lafayette, has ...

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