The Friday failure of UCBH (UCBH) mostly likely means it joins CIT Group (CIT +38.2%) as a second lost TARP investment, the Treasury says. UCBH was approved for nearly $299M in funds a year ago, while CIT received more than $2B.
Karl W Miller: Many have asked Mr. Miller why is CHK a acquisition target? Answer: Weakest natural gas producer with proven high quality reserves / leases.