The FDIC began courting private equity underwriters (PEU's) last fall. Draft guidelines looked tough, but those drew flack from the politically connected, big money boys. Sheila Bair will issue final regulations next week.
If they end up tough, Uncle Sam may have to provide more subsidy to PEU banks. Carlyle & company got $4.9 billion for a BankUnited. That's after the FDIC zeroed out shareholders. Watch for the PEU boys to eventually win.
