{"id":7059,"date":"2009-07-10T12:30:00","date_gmt":"2009-07-10T16:30:00","guid":{"rendered":"https:\/\/www.merkley.senate.gov\/merkley-treasury-tarp-buyback-could-cost-taxpayers-27-billion\/"},"modified":"2023-07-24T11:11:42","modified_gmt":"2023-07-24T15:11:42","slug":"merkley-treasury-tarp-buyback-could-cost-taxpayers-27-billion","status":"publish","type":"post","link":"https:\/\/www.merkley.senate.gov\/es\/merkley-treasury-tarp-buyback-could-cost-taxpayers-27-billion\/","title":{"rendered":"Merkley: la recompra de la lona del Tesoro podr\u00eda costar a los contribuyentes $2.7 mil millones"},"content":{"rendered":"


WASHINGTON DC<\/strong> \u2013 Un informe publicado hoy por el
\nPanel de Supervisi\u00f3n del Congreso (COP) del Programa de Alivio de Activos en Problemas (TARP)
\ndetalla c\u00f3mo las pol\u00edticas de recompra actuales podr\u00edan estar costando a los contribuyentes miles de millones de
\nd\u00f3lares El senador de Oreg\u00f3n, Jeff Merkley, pidi\u00f3 al Departamento del Tesoro que
\nseguir un nuevo rumbo que asegure las inversiones de los contribuyentes en bancos en problemas
\nest\u00e1n bastante redimidos.<\/p>\n

\n

\u201cCuando las instituciones financieras estaban al borde del colapso,
\nlos contribuyentes estadounidenses intervinieron y salvaron esas instituciones. En
\nintercambio, se garantiz\u00f3 a los contribuyentes una participaci\u00f3n en las ganancias ya que esos bancos
\nrecuperado. Lamentablemente, el Departamento del Tesoro sigue pol\u00edticas
\nque est\u00e1n subvaluando las inversiones de los contribuyentes\u201d, dijo Merkley. \u201cLa TARPA
\nel programa no puede ser otro caso m\u00e1s en el que la cara gana Wall Street, la cruz
\nlos contribuyentes pierden\u201d.<\/span><\/p>\n<\/blockquote>\n

Cuando se implement\u00f3 el programa TARP el a\u00f1o pasado, los
\ninstituciones estaban obligadas a dar al gobierno garant\u00edas que podr\u00edan utilizarse
\npara la compra futura de acciones ordinarias. Si el valor de la
\nLos precios de las acciones bancarias subieron a medida que nuestros sistemas financieros se recuperaron, esas garant\u00edas
\nasegurar\u00eda que los contribuyentes obtuvieran una ganancia.<\/p>\n

Sin embargo, dado que los bancos han tratado de poner fin a su participaci\u00f3n en
\nel TARP, el Departamento del Tesoro est\u00e1 implementando un programa de recompra que no
\nno requieren que los warrants sean redimidos a valor de mercado. En cambio, el
\nprograma permite a los bancos negociar precios directamente con el gobierno federal
\ngobierno. Dado que los bancos tienen un incentivo para subestimar el valor de
\nlos warrants, los contribuyentes corren un gran riesgo de ver evaporarse sus beneficios.<\/p>\n

En al menos un caso, esto ya ha ocurrido. 
\nBloomberg News ha informado que Old National Bancorp recompr\u00f3 sus
\nwarrants por $1,2 millones. Otros estimaron que estas mismas \u00f3rdenes pueden haber
\nha valido $5.81 millones. Si bien el Tesoro ha modificado posteriormente su
\nsistema de valoraci\u00f3n de warrants, la COP encontr\u00f3 que la nueva f\u00f3rmula a\u00fan podr\u00eda
\ncost\u00f3 a los contribuyentes $2.7 mil millones en ganancias perdidas.<\/p>\n

El Senador Merkley inst\u00f3 hoy al Secretario del Tesoro Timothy
\nGeithner a subastar p\u00fablicamente garant\u00edas para determinar un valor justo de mercado. 
\nSalvo eso, aboga por que el Departamento del Tesoro adopte suposiciones para los valores.
\nbasado en modelos m\u00e1s com\u00fanmente utilizados en el mercado, como el uso
\ntasaciones independientes.<\/p>\n

\n

\u201cEl Departamento del Tesoro debe ser un fuerte defensor de
\nen nombre de sus accionistas: los contribuyentes estadounidenses\u201d, dijo Merkley. 
\n\u201cLos contribuyentes, al igual que los inversores privados, deber\u00edan tener derecho a la ventaja total
\nen su inversi\u00f3n de emergencia\u201d.<\/span><\/p>\n<\/blockquote>\n

 <\/p>\n

-30-<\/p>\n

10 de julio,
\n2009<\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

El
\nHonorable Timothy Geithner<\/p>\n

Secretario
\ndel Tesoro<\/p>\n

A NOSOTROS
\nDepartamento del Tesoro<\/p>\n

1500
\nAvenida Pensilvania, NO<\/p>\n

Washington,
\nCC 20520<\/p>\n

 <\/p>\n

Estimado
\nSecretario Geithner:<\/p>\n

 <\/p>\n

I
\nescriba para expresar su seria preocupaci\u00f3n con el proceso de valoraci\u00f3n para la venta
\nwarrants adquiridos de inversiones realizadas bajo el Alivio de Activos en Problemas
\nPrograma (TARP). Estaba profundamente preocupado por la valoraci\u00f3n de las \u00f3rdenes
\nrecomprado por Old National Bancorp en mayo. Yo creo firmemente eso
\nlos contribuyentes merecen la \u201cventaja\u201d total de sus inversiones TARP, que estos
\nlas garant\u00edas est\u00e1n destinadas a proporcionar. <\/p>\n

 <\/p>\n

Mientras
\nFelicito al Departamento del Tesoro por tomar medidas para aumentar la divulgaci\u00f3n
\nsobre el proceso de valoraci\u00f3n, con base en la informaci\u00f3n detallada en el
\ninforme del Panel de Supervisi\u00f3n del Congreso, me preocupa que las \u00f3rdenes judiciales contin\u00faen
\nser infravalorado. Espec\u00edficamente, el informe sugiere que el Departamento
\nest\u00e1 adoptando sistem\u00e1ticamente supuestos que conducen a valoraciones significativamente
\npor debajo de lo que demandar\u00edan los actores privados. Si se aplica a todas las garant\u00edas,
\nel gobierno podr\u00eda estar cediendo $2.7 mil millones o m\u00e1s. esto es injusto para
\ncontribuyentes Adem\u00e1s, crea incentivos para el pago anticipado del TARP,
\nque podr\u00eda ser peligroso para los prop\u00f3sitos m\u00e1s amplios de estabilidad econ\u00f3mica y
\npr\u00e9stamos que el TARP pretend\u00eda promover. <\/p>\n

 <\/p>\n

I
\nsiguen creyendo que la subasta p\u00fablica de los warrants es la mejor manera de
\ngarantizar una valoraci\u00f3n justa. Sin embargo, como m\u00ednimo, el Departamento debe
\nfortalecer el actual proceso de valoraci\u00f3n y adoptar supuestos para sus modelos
\nque son m\u00e1s com\u00fanmente utilizados en el mercado. Porque las valoraciones ser\u00e1n
\nnegociado, el Departamento debe aplicar inicialmente el m\u00e1s favorable
\nsuposiciones posibles para contrarrestar lo que seguramente ser\u00e1n ofertas irrazonablemente bajas por
\nlos bancos. Adem\u00e1s, el Departamento no debe dudar en utilizar el
\nproceso de evaluaci\u00f3n independiente. En resumen, Hacienda deber\u00eda tomarse en serio
\nsu papel de defensor del contribuyente. <\/p>\n

 <\/p>\n

Obtenci\u00f3n
\nel valor m\u00e1ximo de las garant\u00edas es una cuesti\u00f3n de justicia b\u00e1sica para mi
\nelectores en Oreg\u00f3n y contribuyentes en todo el pa\u00eds. Contribuyentes, solo
\ncomo los inversores privados, deber\u00edan tener derecho a la ventaja total de sus
\ninversi\u00f3n de emergencia. <\/p>\n

 <\/p>\n

I
\nEsperamos escuchar su respuesta y estamos listos para trabajar con usted en estos
\nasuntos importantes.<\/p>\n

 <\/p>\n

Atentamente,<\/p>\n

 <\/p>\n

 <\/p>\n

jeff merkley<\/p>\n

Senador de los Estados Unidos<\/p>\n

 <\/p>\n

 <\/p>","protected":false},"excerpt":{"rendered":"

WASHINGTON, DC – A report released today by the Congressional Oversight Panel (COP) of the Trouble Asset Relief Program (TARP) details how the current buyback policies could be costing taxpayers billions of dollars.  Oregon’s Senator Jeff Merkley asked the Treasury Department to pursue a new course that would ensure taxpayers’ investments in troubled banks are […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[24],"tags":[47],"class_list":["post-7059","post","type-post","status-publish","format-standard","hentry","category-press-releases","tag-protecting-consumers-taxpayers-and-the-economy"],"acf":[],"yoast_head":"\nMerkley: Treasury Tarp Buyback Could Cost Taxpayers $2.7 Billion - Merkley<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.merkley.senate.gov\/es\/merkley-treasury-tarp-buyback-could-cost-taxpayers-27-billion\/\" \/>\n<meta property=\"og:locale\" content=\"es_MX\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Merkley: Treasury Tarp Buyback Could Cost Taxpayers $2.7 Billion - 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