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Government named receiver for BankUnited
The Sun-Sentinel ^
| 2009-05-21
| Paul Owers
Posted on 05/21/2009 2:40:06 PM PDT by rabscuttle385
The Office of Thrift Supervision on Thursday closed BankUnited of Coral Gables and appointed the Federal Deposit Insurance Corporation as receiver.
BankUnited was "critically undercapitalized and in an unsafe condition to conduct business," the OTS said in a statement. The bank reported losses of $1.2 billion in 2008.
BankUnited had $8.7 billion in deposits and 85 branches, including 23 in Broward County and 16 in Palm Beach County.
(Excerpt) Read more at sun-sentinel.com ...
TOPICS: Business/Economy; Government; US: Florida
KEYWORDS: bankfailure; bankunited; fail; fdic; fdicthursday; financialcrisis; govwatch; obamasfault; panicof2009; thecomingdepression
To: Leisler; PAR35; TigerLikesRooster; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ..
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The Money, Banking, and Financial Markets Ping List. "Money, not morality, is the principle commerce of civilized nations."
—Thomas Jefferson FR Keywords: moneylist, bankinglist, financelist Please tag all relevant threads with the aforementioned keywords. This can be a very high-volume ping list at times. Ping list jointly pinged by rabscuttle385 and TigerLikesRooster. To join the ping list:
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2
posted on
05/21/2009 2:41:34 PM PDT
by
rabscuttle385
("If this be treason, then make the most of it!" —Patrick Henry)
To: PAR35; All
3
posted on
05/21/2009 2:47:47 PM PDT
by
rabscuttle385
("If this be treason, then make the most of it!" —Patrick Henry)
To: rabscuttle385
I almost put some money there. I'm pretty sure that the last time I was looking for a bank a couple of months ago they had a very high interest rate on bankrate.com. It was high enough that I checked them further and the comments out there scared me away.
I'm glad their rate was high enough to set off my "hint of desparation" warning.
4
posted on
05/21/2009 3:19:09 PM PDT
by
KarlInOhio
(No free man bows to a foreign king.)
To: KarlInOhio
Whenever a CD or money market rate is the highest or dividend or something it is due to higher risk.
5
posted on
05/21/2009 3:25:31 PM PDT
by
Frantzie
To: rabscuttle385
Gee. FDIC Thursday this week.
6
posted on
05/21/2009 4:03:30 PM PDT
by
lainie
(The US congress is full to the brim of absolutely disgusting thieves who deserve humiliating ouster.)
To: lainie; rabscuttle385
Well, since last week didn’t have a Friday, it’s only fair that Friday comes early this week.
7
posted on
05/21/2009 7:25:57 PM PDT
by
PAR35
To: PAR35
They just wanted to have a four-day weekend.
8
posted on
05/21/2009 9:43:34 PM PDT
by
lainie
(The US congress is full to the brim of absolutely disgusting thieves who deserve humiliating ouster.)
To: lainie; rabscuttle385
9
posted on
05/22/2009 4:12:30 PM PDT
by
PAR35
To: PAR35
yeah....under normal circumstances people would think that’s a good thing....
10
posted on
05/22/2009 4:40:12 PM PDT
by
lainie
(The US congress is full to the brim of absolutely disgusting thieves who deserve humiliating ouster.)
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