Tuesday, February 10, 2009

Shadow Carlyle Group to Buy Bank?

America’s shadow banking system wound up greed and leverage to implosion levels. Now they get to buy banks? The Financial Times reported Carlyle Group is in talks to buy BankUnited, a Florida bank. DealBook reported:

The move comes as Treasury Secretary Timothy F. Geithner is reportedly preparing a rescue plan for the financial industry that would seek to induce private investors to buy the contaminating assets that wiped out the capital of many banks.

More hair of the dog medicine from Uncle Sam. One might expect fatigue, after an eight year corporafornication binge. The big money boys must be using performance enhancing drugs. Taxpayers prepare to bend over for public-private partnership.

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