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Politics : Welcome to Slider's Dugout

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From: SliderOnTheBlack	5/1/2009 3:07:24 PM
	2 Recommendations Read Replies (1) of 50480

Florida's Largest Bank Collapses... The biggest financial institution in Florida, $14 billion BankUnited of Coral Gables, was told by its regulator, the Office of Thrift Supervision, to find a buyer who would raise its depleted capital to acceptable levels or risk a government takeover. In an ominously sounding "prompt corrective action directive", the OTS has essentially given the bank a 20 day ultimatum. If Florida's biggest bank is on the hook, at a potential maximum taxpayer cost of $14 billion, maybe the stress test will not be just the fluff everyone is now expecting it to be. Will Goldman (with an FDIC/Taxpayer Guarantee) be the buyer? From ground zero in the hedgeosphere... zerohedge.blogspot.com Just Say No To The Kool-Aid. The controlled demolition continues. SOTB

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