So-so news on TARP warrants
July 23, 2009
HuffPo reports Treasury has allowed three more banks (including Goldman) to pay back warrants, before Congress has had a chance to force them to setup an auction system.
They also report that GS paid full price for theirs (using professor Wilson’s models). Wilson speculated that “Goldman Sachs decided to pay fair price to avoid more of the bad press that’s been coming its way the last several months”.