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Old 09-04-2006, 09:29 AM
joseblanco joseblanco is offline
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Default Re: Bank United paying 5.25%

http://www.businessweek.com/magazine...eek+exclusives

Look under "camoflaged losses" and read about Bank United's exposure to negative amortization option arm mortgages. I think you'd agree that any conservative saver would think twice about trusting their savings to a bank that heavily exposed to such an unstable mortgage product.
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