Analysis: Treasury opaque on pricing of TARP warrant repayments

06/1/2009 | NYTimes.com

Last week, New Jersey-based Sun Bancorp announced it had repaid the government for the money it received through the Troubled Asset Relief Program and had repurchased the corresponding warrant issued to the Treasury. Critics say that on this deal and others like it, the Treasury is not getting the maximum benefit for taxpayers, but there is a lot of gray area to the situation. The Treasury is adding to the controversy by not disclosing pricing or its assumptions.

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