Posts Tagged ‘bank united’

The FDIC’s Bank Deregulation Play

More often than not major shifts in public policy arise not from great debate in the halls of Congress but through the actions of some part of the vast bureaucracy of the United States government. The decision by Sheila Bair and the FDIC to sell Bank United of Florida to a consortium of private equity […]

The Day Before Friday Failures

Jumping the gun, the FDIC seized Bank United today and sold it to a consortium of private equity buyers. As you all know they agency usually waits until the close of business on Friday to take over a bank. This is probably going to be controversial. Not because they closed down the bank — it […]