TARPedBanks (< 20)

Treasury to start selling TARP bank warrants

November 19, 2009 – Comments (0) | RELATED TICKERS: JPM , COF , TCB

When the US Treasury purchased preferred stock in banks last year, the government also got 10-year warrants to purchase common stock with strike prices set at the previous 20-day average.    [more]

TARPedBanks Report: Anniversary Edition

November 15, 2009 – Comments (0)

Updates

The most significant TARP events since the last report are the first three failures of Capital Purchase Program (CPP) institutions.  CIT became the first confirmed CPP loss when it declared bankruptcy on 1 Nov.  On 6 Nov, UCBH Holdings (UCBH) became the first CPP bank to be seized by the FDIC.  The second CPP bank to fall to the FDIC was Pacific Coast National Bank (PCST.PK) on 13 Nov.  [more]

TARPed Banks Report: PPIP Lives

October 08, 2009 – Comments (3) | RELATED TICKERS: PP , IP , LVS

Things have been fairly quiet on the TARP front since the last report.  [more]

TARPedBanks Report: Some TARP Success (So Far)

August 30, 2009 – Comments (1)

If you’ve followed either my TARPedBanks blogs or blogs under my rd80 account, you know I’ve been opposed to the government programs pouring money into banks, automakers and who knows what else.  However, by at least one measure, TARP may be achieving one of its goals.  [more]

TARPedBanks Report: Wall of Shame Edition

July 28, 2009 – Comments (0)

There hasn’t been a lot to report on banks buying back Treasury’s preferred stock or new participants in TARP since the last update.    [more]