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Federal agents raided a Florida branch of Colonial BancGroup on Monday, the latest piece of bad news for investors in the Montgomery, Ala.-based lender.
Agents from the Office of the Special Inspector General for the Troubled Asset Relief Program executed two search warrants Monday in Florida, according to a spokeswoman.
The searches were coordinated with the Federal Bureau of Investigation and the Office of the Inspector General of the Department of Housing and Urban Development, she added, while declining to comment further.
Merrie Tolbert, spokeswoman for Colonial /quotes/comstock/
Originally posted by In nothing we trust
Yeah who cares.
Honestly why do any of you on here even care what the government banksters do?
[edit on 3-8-2009 by In nothing we trust]