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Originally posted by GreenBicMan
We need to close above 8290 for my theory to continue...
SHAKE AND BAKE !!!!
LOL
Selling this session has been further supported by another round of worse-than-expected jobless claims data. Initial claims for the week ending May 16 totaled 631,000, while continuing claims climbed to 6.66 million.
Originally posted by GreenBicMan
We need to close above 8290 for my theory to continue...
SHAKE AND BAKE !!!!
LOL
Originally posted by Hx3_1963
OK...I get a lower dollar is good for exports, but, with Ga-Zillions gettin' laid off everyday and no production left...what exactly are we exporting and which other broke country is buying?!?
[edit on 5/21/2009 by Hx3_1963]
Originally posted by redhatty
Originally posted by GreenBicMan
We need to close above 8290 for my theory to continue...
SHAKE AND BAKE !!!!
LOL
It may be time to reconsider your theory GBM, your target isn't looking too healthy
Today's bond market close
Bonds
3 Month 0.16% 0.00 (0.00%)
6 Month 0.27% +0.01 (3.85%)
2 Year 0.85% +0.02 (2.41%)
5 Year 2.13% +0.13 (6.50%)
10 Year 3.35% +0.19 (6.01%)
30 Year 4.31% +0.19 (4.61%)
[edit on 5/21/09 by redhatty]
Press Releases
www.fdic.gov...
BankUnited Acquires the Banking Operations of BankUnited, FSB, Coral Gables, Florida
FOR IMMEDIATE RELEASE
May 21, 2009
Media Contact:
David Barr (202) 898-6992
Cell: (703) 622-4790
E-mail: [email protected]
BankUnited, a newly chartered federal savings bank, acquired the banking operations, including all of the nonbrokered deposits, of BankUnited, FSB, Coral Gables, Florida, in a transaction facilitated by the Federal Deposit Insurance Corporation (FDIC). As a result of this transaction, BankUnited, FSB, offices and branches will be operated as BankUnited offices and branches.
BankUnited's 86 offices will be open tomorrow during normal business hours. BankUnited, the successor institution, will be the largest independent bank in Florida, as was its predecessor (BankUnited, FSB). The management team is headed by John Kanas, a veteran of the banking industry and former head of North Fork Bank.
Deposits will be insured by the FDIC. Customers can continue to use BankUnited, FSB's checks, ATM cards and debit cards. Checks drawn on the bank will continue to be processed. Loan customers should continue to make their payments as usual.
Bank United, FSB had assets of $12.80 billion and deposits of $8.6 billion as of May 2, 2009. The new BankUnited will assume $12.7 billion in assets and $8.3 billion in nonbrokered deposits. The FDIC and BankUnited entered into a loss-share transaction and will share in the losses on approximately $10.7 billion in assets covered under the agreement. The loss-sharing arrangement is projected to maximize returns on the covered assets by keeping them in the private sector. The agreement also is expected to minimize disruptions for loan customers as they will maintain a banking relationship. BankUnited will recapitalize the institution with $900 million in new capital.
BankUnited will not assume the approximately $348 million in brokered deposits. The FDIC will pay the brokers directly. Customers who placed money with brokers should contact them directly for more information about the status of their deposits.