TARP and Forex Trading

230793 Resource 128460 120646 120646 1240240057307 1240240057307 Controlled Will The Government Lose Big Time on TARP?

TARP not getting back the value it has been putting into banks

Back in fall 2008, the program known as <a href="item/223770" target="_blank" title="TARP, TARP losing money, banks, financial sector, forex trading, TARP money, value">TARP was approved by Congress</a>. The idea was to allow money for banks in trouble at special rates, in exchange for assets. However, even with assets, TARP stands to lose money. <a href="http://www.businessweek.com/investor/content/apr2009/pi20090417_182503.htm?campaign_id=rss_null" target="_blank" title="TARP, TARP losing money, banks, financial sector, forex trading, TARP money, value">BusinessWeek reports on the issues behind possible TARP losses</a>: <blockquote> Although the Treasury has been taking stock and warrants in companies in exchange for TARP funds, from the start the value of assets it has received has been much less than the TARP money it has doled out. For every $100 of TARP money disbursed, the government has gotten stock and warrants worth just $66 at the time of issuance, [Elizabeth] Warren said in an Apr. 15 interview with Jon Stewart on <cite>The Daily Show</cite>. The value of those assets has deteriorated further since being issued, she said.  </blockquote> Of course, there is a possibility that these assets could be worth quite a bit down the road, if the government is willing to hold on to them long-term. However, it will require a substantial turnaround in the stock market -- especially in the financial sector -- for these assets to be worth much of anything. Until then, taxpayers are likely to remain in the hole. 9 application/xml false banks financial sector forex trading TARP TARP losing money TARP money value TARP and Forex Trading Economic data and its effects on the currency market http://www.fx360.com/?aid=5704 Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.8) Gecko/2009032608 Firefox/3.0.8 GTB5 127.0.0.1 127.0.0.1 mmarquit 66.182.66.2 false true false false true 128460 blog blogsite/GFTForex/web