Bloomberg notes that the U.S. Treasury did not exactly stick up for taxpayers in dealing to sell back stock warrants to banks that received TARP funds. Extrapolating from the deal that netted a small community bank a $4m. bonus the report projects that Bank of America could net over $2b. when it strikes a price with Uncle Sam.
Wells Fargo stands to gain almost $1.5b. Way to set a fair market price there guys.
