The Goldman Sachs Warrants

Review of Business, Vol. 30, No. 1, 2009

42 Pages Posted: 8 May 2009 Last revised: 6 Jan 2010

Linus Wilson

University of Louisiana at Lafayette - College of Business Administration

Date Written: 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 Classification: G01, G13, G21, G28, G32, G38

Suggested Citation

Wilson, Linus, The Goldman Sachs Warrants (May 7, 2009). Review of Business, Vol. 30, No. 1, 2009. Available at SSRN: https://ssrn.com/abstract=1400995 or http://dx.doi.org/10.2139/ssrn.1400995

Linus Wilson (Contact Author)

University of Louisiana at Lafayette - College of Business Administration ( email )

Department of Economics & Finance
214 Hebrard Blvd., Room 326
Lafayette, LA 70504-0200
United States
(337) 482-6209 (Phone)
(337) 482-6675 (Fax)

HOME PAGE: http://www.linuswilson.com

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