Penny check this out
Bidders for BankUnited Financial Corp. are asking federal regulators to put the company into receivership before selling its assets, a step that could wipe out shareholders, Bloomberg News reported Thursday, citing unidentified people familiar with the matter.
It is true that it is not always the FDIC that is bad. This article proves that bidders (i.e. JPM) want the FDIC to put a bank into receivership, so it will wipe out the shareholders.
This is where the part about GREED comes in. I mean hell if you don't have to pay the shareholders and can basically steal a bank, then why not.
Look at the bidders, they only care about their shareholders, but remember. WHAT GOES AROUND< MUST COME AROUND! and bite you right in the butt!
Bloomberg News said Thursday that the Kanas team includes Carlyle Group, Blackstone Group LP, Centerbridge Capital Partners LLC and WL Ross & Co., to which Kanas is an adviser. Other potential bidders include private- equity firm J.C. Flowers & Co.
New York-based Goldman Sachs Group Inc. (GS) is weighing a bid with Toronto-Dominion Bank (TD), Bloomberg also reported, citing unidentified people familiar with the matter.
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