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Loan Modification

: Mortgage Lender Implode-o-Meter

Reed Presses Regulators to Clarify ?Risky? LBO Rules

By Implode-Explode Heavy Industries

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" U.S. Senator Jack Reed told bank regulators and Treasury Secretary Timothy Geithner he has ?serious concerns? that rules for sales of banks to private- equity firms are inconsistent, citing the takeovers of BankUnited Financial Corp. and Flagstar Bancorp Inc."

Full post as published by Mortgage Lender Implode-o-Meter on May 26, 2009 (boomark / email).

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