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Schumpeter Reincarnate


Joined: 24 May 2008
Posts: 46246

Re: Discussion on Stifel cuts BankUnited to sell on capital con
PostPosted: Wed Aug 27, 2008 4:00 am Reply with quoteBack to top

http://ml-implode.com/viewnews.....cerns.html
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Nickles&Dimes
Dud?


Joined: 08 Feb 2008
Posts: 11

BankUnited
PostPosted: Thu Aug 28, 2008 2:42 pm Reply with quoteBack to top

Poor BankUnited, done in by their own mismanagement. Can't say that they were not warned; even the Account Executives at the regional meetings said far in advance that the reliance on Option Arms was a recipe for trouble. Management saw that the income accounting methods made for a big return. The Account Execs were making big bucks but still tried to expand the product line. All of the people were good people, just saw $$$ like everyone else in the business. Crying or Very sad
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