Secretary of State Colin Powell and Mexico's Foreign Minister Jorge Castaneda forged agreements Tuesday on a variety of issues, including food safety, the sharing of assets confiscated from criminal activity, and education.
There were three publicly traded banks that benefited from bank failures last Friday by taking over assets and entering a loss-sharing arrangement with the FDIC.
In the case of Shorebank, the management and board was allowed to form Urban Partnership Bank as the new bank taking over the assets and benefiting from the FDIC loss sharing agreement.
It appears that UMPQ is benefiting with a backdoor bailout given the acquisition of assets at a discount with the takeover of TBHS and loss sharing with the FDIC.
Organizations that build this kind of infrastructure can implement any kind of information sharing program without creating unreasonable risk to their vital information assets.
In my opinion the eight banks profiled above are candidates as FDIC consolidators to take on the assets of failed banks, and benefit from the FDIC loss-sharing arrangements.