Summary Box: Treasury announces it will sell warrants for 2 insurance firms
WARRANTS: Treasury announced Tuesday it will auction warrants it received from insurance giants The Hartford Financial Services Group Inc. and Lincoln National Corp. in the new few weeks.
BAILOUT FUND: The warrants are being sold to provide the government with more of a return on the money it invested in financial firms from the $700 billion bailout fund, known as the Troubled Asset Relief Program.
WARRANT AUCTION: Sale of the warrants gives purchasers the right to buy common stock in the companies at a fixed price for a set period of time.
Copyright 2010 AP News
