Treasury cashes in on Bank of America warrants
The Treasury Department (Treasury news) auctioned off 272.17 million Bank of America (BAC Bank of America news) warrants, raising more than $1.5 billion. This is certainly good news for Treasury, which would like to show the world that it has been a good steward of taxpayer money. These proceeds represent an additional return beyond the preferred share dividends it previously received. Article
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