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The government agency, charged with the financial health of Illinois banks, is concerned that private equity firms & hedge funds will buy & flip failing Illinois banks. The FDIC increases capital requirements.
Regulators Do What Dillinger Didn't--Shut 6 Illinois Banks
chicagotribune.com - 20 weeks ago - 136 views
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Organizations: FDIC
Companies: Elizabeth State Bank | First Financial Bank of Terre Haute | First National Bank | First National Bank Modaraba | First National Bank of Beardstown | First National Bank of Danville | First State Bank | First State Bank of Winchester | Galena State Bank | Harvard State Bank of Harvard | John Warner Bank | Millennium State Bank of Texas | Rock River Bank | State Bank of Lincoln
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Should the government discourage private investors from buying the rising number of failed American banks by increasing the banks' capital reserves or should we be more concerned with private equity flipping banks to make a quick buck?
http://online.wsj.com/article/SB124655025307686641.html
The FDIC just siezed 52 banks nationally, the largest number since the Great Depression of the 1920s-30's.
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