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Bailout
: Calculated RiskFDIC Receives Bids for BankUnited
By Anonymous
WL Ross & Co. and private-equity firms including Carlyle Group made a bid to buy BankUnited Financial Corp. assets out of receivership from the government, a person familiar with the matter said."Out of receivership" says it all. This is unusual in that the bidders are picking over the carcass in public (usually the FDIC is more secretive about bank seizures).The firms, which also include Blackstone Group LP and Centerbridge Capital Partners LLC, submitted their offer to the Federal Deposit Insurance Corp. this morning ...
emphasis added
Full post as published by Calculated Risk on May 19, 2009 (boomark / email).
BankUnited Financial Corporation
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