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Posted inFinance, Inequality, Who’s Behind the Financial Meltdown?

Subprime loans may have sunk BankUnited FSB

On May 21, BankUnited FSB became the 34th federally insured institution to be taken over by regulators this year. The takeover will put another major dent in the FDIC’s deposit insurance fund, with estimated costs running a cool $4.9 billion. The BankUnited takeover is trumped only by the FDIC’s $10.7 billion dollar rescue of IndyMac […]