February Oversight Report: Valuing Treasury’s Acquisitions
COP is releasing its latest oversight report today entitled “Valuing Treasury’s Acquisitions.” This report is our own attempt to answer the fifth question in our first oversight report: Is the Public Receiving a Fair Deal? After reviewing the top ten TARP transactions, we learned that every time Treasury spent $100, it took back assets that were worth, on average, $66. This equals a $78 billion shortfall for the $254 billion spent on these deals so far.
For a deal-by-deal breakdown of the real value of the top ten TARP deals, read our report in full. You can also read the detailed analysis produced Duff & Phelps, the valuation firm we retained to analyze these deals.
Duff & Phelps Final Valuation Report to the Congressional Oversight Panel:
Additional report for the COP:
- Legal Analysis of the Investments by the U.S. Department of the Treasury in Financial Institutions under the Troubled Asset Relief Program