The Treasury Department will provide more details on the disposition of the warrants attached to government capital payments within the next two weeks, said Herb Allison, an assistant secretary at the agency.
At a Congressional Oversight Panel hearing Wednesday on the Troubled Asset Relief Program, Allison said Treasury would provide guidance on the pricing of the warrants, the timing of the sale of the warrants and the manner of a sale.
"We are trying to come up with an approach that best serves the interest of taxpayers and best serves the interest of these markets," he said.
When pressed by panel Chairman Elizabeth Warren on the timing of the guidance, Allison said it would be out before the panel releases its next report on July 5 on repayment of Tarp.
Banks have long contended that the warrants have been a stumbling block to their exiting Tarp, but consumer groups argue the warrants are giving taxpayers a return for the government capital injection.
