{"id":192021,"date":"2009-05-21T22:52:00","date_gmt":"2009-05-22T03:52:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/05\/21\/bank-failure-friday-on-thursday\/"},"modified":"2009-05-21T22:52:00","modified_gmt":"2009-05-22T03:52:00","slug":"bank-failure-friday-on-thursday","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/05\/21\/bank-failure-friday-on-thursday\/","title":{"rendered":"Bank Failure Friday on Thursday"},"content":{"rendered":"<p><a href=\"http:\/\/www.fdic.gov\/bank\/individual\/failed\/bankunited.html\">BankUnited, FSB, Coral Gables, FL<\/a>, which is no surprise.  BankU has been dead man walking for at least 2 weeks.<\/p>\n<p>It&#8217;s the biggest failure of the year, and 2<sup>nd<\/sup> biggest ever, only exceeded by the failure of Indymac last year.<\/p>\n<p>It&#8217;s the 34<sup>th<\/sup> bank failure of the year.<\/p>\n<p>The closure will cost the FDIC $4.9 billion, almost doubling the amount of money that it has shelled out so far this year.<\/p>\n<p>As to why do this on Thursday, probably because they have a <span style=\"font-weight: bold;\">very<\/span> busy Friday planned.<\/p>\n<p>Before the President&#8217;s Day weekend, there were 4 bank closings, the most this year, and my guess is because they had an extra day to straighten things out before the banks had to open their door, so I would expect <span style=\"font-weight: bold;\">this<\/span> 3 day weekend to be <span style=\"font-weight: bold;\">very<\/span> busy.<\/p>\n<p><a href=\"http:\/\/www.fdic.gov\/bank\/individual\/failed\/banklist.html\">Full FDIC list<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BankUnited, FSB, Coral Gables, FL, which is no surprise. BankU has been dead man walking for at least 2 weeks. It&#8217;s the biggest failure of the year, and 2nd biggest ever, only exceeded by the failure of Indymac last year. It&#8217;s the 34th bank failure of the year. The closure will cost the FDIC $4.9 &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1004,985],"tags":[],"class_list":["post-192021","post","type-post","status-publish","format-standard","hentry","category-finance","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192021"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=192021"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192021\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=192021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=192021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=192021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}