Good news on the TARP warrant front today (previous installments here and here). First off, Reuters reports that: JPMorgan Chase & Co, seeking to completely extricate itself from a federal bailout program, has asked the government to auction warrants to buy the bank’s stock, after the Treasury Department demanded too high a price for the bank [...]
Posts Tagged ‘Auction’
TARP Warrants: Auctions and the Oversight Panel
Posted in Finance, Uncategorized, tagged Auction, Banks, Finance, Stock Market, TARP, Warrants on July 10, 2009 | 1 Comment »
Big Money in Cap-and-Trade
Posted in Auctions, Budget, Energy, Environment, Politics, Regulation, tagged Auction, Budget, Cap and Trade, CBO, Climate Change, Politics, Regulation, Taxes on June 30, 2009 | 9 Comments »
On Friday, the House of Representatives passed its climate change bill by a slim margin. The bill’s key feature is a cap-and-trade system for greenhouse gases. That system would set national emission limits and would require affected emitters to own permits (called allowances) to cover their emissions. The number one thing you should know about this [...]
Linkfest
Posted in Auctions, Budget, Finance, Health, Regulation, tagged Antitrust, Arbitrage, Auction, Budget, Citigroup, Google, Health, Regulation, Search, Stock Market, TARP, Venture Capital, Warrants on June 11, 2009 | 1 Comment »
Some good items elaborating on topics I’ve discussed in the past week: Paul Kedrosky says that the U.S. Venture Capital industry needs to shrink – by 50%. [my latest post on this] SubsidyScope presents some cool visualizations of the TARP money and other bailouts. (ht: Marcus Peacock in the comments) [latest post] Barrons analyzes the [...]
Auction the Warrants: Follow-Up
Posted in Auctions, Finance, tagged Auction, Banks, TARP, Warrants on June 1, 2009 | 9 Comments »
Summary: Readers had some excellent comments on last week’s post about auctioning the TARP warrants. Here are some updated thoughts. Last week I argued that the Treasury should auction off the warrants it received when it made TARP investments in banks. Specifically, when banks are ready to repay the TARP investment, Treasury should auction the [...]
The Politics of Auctions
Posted in Auctions, tagged Auction on June 1, 2009 | 3 Comments »
Over at Economic Principals, David Warsh has a nice post about how political considerations often limit the use of auctions in solving public policy challenges. In principle, auctions are a powerful tool for allocating public assets in an efficient and transparent manner. The FCC has had great success auctioning off portions of the radio spectrum, [...]
Google: Master of the Auction
Posted in Auctions, Internet, tagged Auction, Google, Search, Wired on May 27, 2009 | 4 Comments »
People usually think of eBay as the master auctioneer of the internet age. As this month’s Wired points out, however, Google is the real master.
Auction the TARP Warrants
Posted in Auctions, Finance, tagged Auction, Banks, Finance, TARP, Warrants on May 26, 2009 | 10 Comments »
Treasury should give up on negotiated sales and simply auction the bank warrants it received through its TARP investments. Auctioning the warrants will enhance the transparency of the process, ensure that taxpayers get a fair return on their investment, free banks from the nuisance of government involvement, and allow banks, if they choose, to preserve needed capital.
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