The Goldman Sachs Warrants
Linus Wilson
University of Louisiana at Lafayette
May 7, 2009
Abstract:
This paper values the Capital Purchase Program (CPP) and Berkshire Hathaway warrants issued by Goldman Sachs in 2008. The paper’s methodology could be of interest to policy makers, non-profits, journalists, and advisors for the government and the over 500 banks with CPP warrants outstanding.
Keywords: bailout, banks, banking, Capital Purchase Program, Emergency Economic Stabilization Act, Goldman Sachs, options, TARP, too big to fail, valuation, warrants
JEL Classifications: G01, G13, G21, G28, G32, G38
Working Paper Series
Suggested Citation
Wilson, Linus, The Goldman Sachs Warrants (May 7, 2009). Available at SSRN: http://ssrn.com/abstract=1400995
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