Rest assured the taxpayer will keep the junk assets and the PEU boys buy a brand spanking, restructured profitable bank. Hold a few years and sell for a double, triple, or quadruple? Time will tell.

Bush corporafornicates to the very end.

Please let whoever is responding to Open for Questions have a look at it, because a lot of the top five this time are about what the banks did with their TARP money. (Note that they are allowed to lend each other a multiple of what they have in reserve, which is how they managed to turn $350 billion into the $800 billion on which they are now earning interest directly from the Fed’s printing presses, instead of lending it, because Sec. 128 let them.)

Boston Private Financial Holdings-The Carlyle Group

Now what other rich, cash flush, private equity underwriters need taxpayer assistance? The Carlyle Group has $40 billion in cash, ready to mobilize.