BankUnited: low and heavy

BankUnited: The Federal Deposit Insurance Corporation (FDIC) is running low on funds and its staff is being stretched by the need to resolve the wave of bank failures sweeping the US. As a result, it appears to be engaging in fire sales. In January it sold IndyMac at a stonking discount to a private equity consortium. Now the agency has done the same, selling Florida’s BankUnited to a large private equity consortium composed, among others, of WL Ross, Carlyle, Blackstone, Centerbridge. The cons...