All tagged TARP

Cashing in on Too-Big-to-Fail

So, with FASB shocking the banks back to life with their rule-changing paddles, and the Fed offering banks a place on its bloated balance sheet to park cash and earn a risk-free 25 basis points, a few canny investors scooped up the warrants and waited for the Fed’s cheap money to raise all boats, even the comatose bank boats.