BankUnited is shut down, as predicted on this website.

May 22, 2009

I made two posts on this website about the inevitable demise of BankUnited. The charade finally ended, as the FDIC shuts the bank down. Here’s the link to the FDIC statement.

We insisted that the bank would be closed in two separate articles here and here, both of them in September 2008. Needless to say, there are many more such banks in this great crisis of the industry, but we have neither the interest nor the time to screen all of them here.

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