This is the only paper to provide a valuation framework for untraded Troubled Asset Relief Program (TARP) preferred … stock. Up to $8.1 billion of bailout preferred stock, which is currently paying dividends, could be auctioned to investors … the rating of unrated and untraded preferred stock issues. It provides a valuation model for non-distressed issues. The …

more non-performing loans are more likely to miss their Troubled Asset Relief Program (TARP) dividends. Banks that issue … non-cumulative preferred stock are also more likely to be TARP deadbeats. In addition, banks that missed a bailout …This paper tests whether poorly capitalized banks with troubled loan books are more likely to miss their bailout …

The Troubled Asset Relief Program (TARP), or the $700 billion bailout, has been the subject of much academic interest … considerable work has been done on the bank bailouts in the TARP, the troubled asset programs, automotive rescues, homeowner …

2008 were associated with banks being significantly more likely to escape TARP. In addition, we find that larger publicly … equity ratios at the end of 2008, relative to other TARP recipients. Those eight banks raised common equity capital in 2009 … (TARP) in 2009. Executive pay restrictions were often a rationale cited for early TARP exit, and high levels of CEO pay in …

achieved without subsidy by purchasing either toxic assets or common stock. Nevertheless, troubled banks must be subsidised if …

– helped attenuate bailout-related moral hazard. Banks were averse to these appointments – the empirical distribution of missed …We empirically examine the Capital Purchase Program (CPP) used by the US gov- ernment to bail out distressed banks with …