BankUnited gets the wobbles

BankUnited, the largest lender based in Florida, has been order by regulators to raise money immediately. An analyst said they may be unable to survive.

Jim Cramer, currently a cheeleader for the financials says

Keep your eye on Florida for two hurricanes this weekend: Gustav and BKUNA. It’s pretty much all that matters to the direction of the next leg of this market.

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