The US Treasury plans to auction off 110m warrants from San Francisco bank Wells Fargo as a way to recover some funds spent bailing out banks and other businesses. Banks issued warrants, which give holders the right to buy shares at a particular price, when the government gave them money during the bailout, formally known as the Troubled Asset Relief Program.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio