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The article -- not exactly written by an impartial source -- appears to refer to warrants that Treasury has acquired. As was stated at the time, these were acquired to assure that taxpayers would be able to participate in the success of the program, should the subject banks et al. be able to return to profitability down the road. No one expected that to happen within a month...
If the government exercised all its warrants to purchase the stock today, it would lose money on 51 of its 53 agreements. Taxpayers would be out $9.1 billion.
If no one in the private sector wants them, I can see why they'd be highly unprofitable.
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