Comment

Banks Repay $68B

40
snowcrash6/09/2009 12:02:17 pm PDT

“The government will continue to hold warrants in the 10 banks, allowing it to purchase shares of their common stock. Administration officials say they have no intention to exercise the warrants, which would give the government ownership stakes in the banks. But negotiations over how much the banks should pay the government to tear up the warrants — which analysts estimate are worth about $5 billion — have yet to find common ground.”
From the Washington Post. How much influence will holding warrants give the gov’t in the operations of the banks?