Banks pay back bailout and taxpayers STILL get screwed

Here's what happened: Old National Bancorp of Indiana, along with hundreds of other banks, essentially gave stock options to the government as part of the bailout.

The government now has options to buy stock in 579 banks. But many banks want to buy those warrants back. Problem is, no one knows exactly how much those warrants are worth.

Source:
http://blogs.moneycentral.msn.com/topstocks/archive/2009/05/20/are-taxpayers-getting-ripped-off-in-bank-bailout-exits.aspx