Private Equity To Save Banks? Without Fed Regulation?

It’s been well known that private equity firms are a viable white knight for banks who are temporarily troubled but may be good bets long term. So if they take majority stakes in banks, are they subject to the same rules as banks, or is this an end-run around the rules? According to a Bloomberg

U.S. Loses 63k Jobs, Citi Trims Mortgage Unit, Carlyle Defaults

According to the the conforming loan limit press release from the Office of Federal Housing Enterprise Oversight (OFHEO), the new loan limits will be in effect from July 1, 2007 (to allow for refinances) until December 31, 2008. Fannie announces a new set of pricing changes to delivery fees, effective June 1. Citigroup announced that