TARPedBanks (< 20)

TARPedBanks Hits Bottom Again

November 27, 2009 – Comments (7)

TARPedBanks regains the title of Bottom Fool.   [more]

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]