Another American Bank Collapses And Taxpayers Lose $4.9 Billion
A Florida Bank Collapses And Taxpayers Lose $4.9 Billion
Depositors Rush To Grab Their Money
Bank-United Financial Corporation
BankUnited Financial Corp. is the largest banking institution headquartered in Florida, with assets of $14.2 billion. The federal seizure will cost the Federal Deposit Insurance Corp. $4.9 billion, representing the second-largest hit to the FDIC's insurance fund since the financial crisis began.
The Office of Thrift Supervision, a Treasury Department agency, said Thursday that BankUnited FSB reported $1.2 billion in losses last year as defaults on loans piled up. The thrift "was critically undercapitalized and in an unsafe condition to conduct business," the agency said in a statement.
Where Did The Money Go?
Abe Gold lends Heim Finestein $500 million for the Miami River Condos, and the condo spends $20 million and the $480 million goes missing. A bank does two things with your deposits, it either lends the money out, or buys investments instruments. Rest assure that some Panamanian corporation is sitting with a billion dollars of your money.
Guess Who Is Buying The Assets?
Steven Abraham Schwartzman of the Blackstone Group is buying the defunct bank. Basically, he is buying a real estate for five cents on the dollar.
The Scam
$5.0 billion in deposits missing
$1.4 billion in stock value missing
$0.5 billion in salaries
The Jewish Banksters created 'Fractional Banking Laws' which allow these swindlers to borrow 10 times the value of a deposit from the Federal Reserve.
And Guess....Who Is Watching The Swindlers?
A Jew named Benjamin Sholmo Bernake
The bad loans to friends, and the Panamanian investments, are bad enough, but then there are the derivatives, and packaged mortgages. That's where Heim buys $500 million of re-packaged mortgages from Stein Investment group, and it isn't worth 10% of the purchase price. Then there is an investment division that places a major bet on futures and loses.
You can listen to all the Jewish - Terms like 'Toxic Assets', or 'Derivatives', but basically there is a box of gold coins missing, and the American public lost, and the swindlers won. The money hasn't vanished, it just changed hands.