By “Shopping” For Regulators, Private Equity Firms Have Discovered How To Buy Banks – Leaving Taxpayers With All The Risk
Posted on June 10, 2009 at 20:01 PM EDT
The financial Barbarians are at the gates of the U.S. banking sector. “Regulatory arbitrage” - sometimes called “regulatory shopping” - has emerged as the favorite strategy for these Barbarians, otherwise known as private equity firms, to get around the federal rules that kept them from owning banks. Why the sudden interest in banks? Like legendary ...