Friday, June 26, 2009

FDIC's Promised Guidance for PEU's

When the FDIC approved the sale of BankUnited to a consortium including The Carlyle Group, it noted:

it is close to providing more guidance for how private equity firms can invest in failing banks. The government is looking for ways to better tap the $1 trillion of total uninvested private equity capital.

Five weeks later, the public remains clueless. Do the PEU boys know the new rules?

(Note: Reuters gave a July 2nd date for the FDIC to release guidance to PEU's.)