BankUnited Financial Corporation (fka BKUNQ)

[itsmikie]

I'll give you 2 fu****** reasons SON,,,

https://research.scottrade.com/scottrade/research/stocks/news/news.asp?docKey=100-146p7480-1

Shareholders: Washington Mutual Inc. Shareholders Alarmed by Dangerous Actions Repeated by Regulators in Resolving BankUnited Financial Problems
Tuesday 05/26/2009 8:00 AM ET - Pr Newswire

Related Companies
Symbol Last %Chg
BKUNA 0.4922 0.00%
WAMUQ 0.109 -0.91%

As of 1:51 PM ET 5/26/09
The following is being issued on behalf of WaMuStory.com, Concerned Shareholders of Washington Mutual Inc. -- Washington Mutual Inc. shareholders are increasingly alarmed by the actions of federal regulators in recent months. They feel the regulators are setting dangerous precedents that will adversely affect the banking sector in the foreseeable future. They feel these actions do not just affect individual shareholders, but the financial sector in general.

The FDIC's fire-sale of Washington Mutual Inc.'s (OTC Bulletin Board: WAMUQ) (Pink Sheets: WAHUQ, WAMPQ, WAMKQ) assets to JPMorgan changed the game for potential buyers of banks. The new rule seems to be: "Get regulators to place the bank into receivership in order to buy the assets at a fire-sale price."

It appears that bidders for BankUnited Financial Corp. planned to do just that. They recently asked regulators to place the bank into receivership and now the regulators have complied. Regulators have set a dangerous precedent in this action.

Bidders for BankUnited Financial Corp waited on the side lines, hoping for the new form of behind the scenes bailout being offered by the FDIC--assets on the cheap. This has the potential to leave bondholders and shareholders out in the cold, just as was done with Washington Mutual Bank.

2> No-one is going to support he banking system due to the repeated BS coming from the FDIC... This is the one that has just broke the camels back.