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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: longnshort who wrote (26369)	2/18/2010 3:38:30 PM
From: GROUND ZERO™	1 Recommendation Read Replies (1) \| Respond to of 103300

Interestingly enough, that's the same bits that made false claims against those three Duke lacrosse players a few years back... they ought to put her away until they find a needle dirty enough to poke her... GZ

To: longnshort who wrote (26369)	2/18/2010 6:07:11 PM
From: DuckTapeSunroof	Respond to of 103300

UPDATE 1-U.S. Treasury to auction BofA, other bank warrants (Adds background, details) reuters.com WASHINGTON, Feb 18 (Reuters) - The U.S. Treasury said on Thursday it intends to auction stock warrants in four banks that have paid back federal bailout funds over the next month, including Bank of America (BAC.N). The Treasury said in a statement that the modified Dutch auctions also will include warrants it holds in Seattle-based Washington Federal Inc (WFSL.O), Dallas-based Texas Capital Bancshares Inc (TCBI.O) and New York-based Signature Bank (SBNY.O). All four banks have fully repaid capital investments made by the Treasury, which retained warrants to purchase common stock in the companies at set prices. The warrants were intended to ensure taxpayers shared in the financial sector's recovery, partly made possible by government bailout funds. The Treasury also said it intended to conduct similar auctions in the future for other warrant positions in banks that participated in the Troubled Asset Relief Program. It still holds warrants in Citigroup (C.N), Wells Fargo & Co (WFC.N) and PNC Financial Services Corp (PNC.N), among large banks that have repaid TARP funds. After negotiating some initial privately negotiated sales of warrants back to the banks that issued them, the Treasury has largely turned to the Dutch auctions as its preferred method of disposing of warrants to maximize profits for taxpayers. It has made about $4 billion from total warrant sales so far. The Bank of America auction would likely be the Treasury's largest to date, as the institution has repaid the largest amount of government capital of any institution so far -- $45 billion -- to two TARP Programs. (Reporting by David Lawder; Editing by James Dalgleish)