by Calculated Risk on 8/19/2009 05:03:00 PM

From Bloomberg: BBVA Said to Win FDIC Bidding for Guaranty Financial of Texas

Banco Bilbao Vizcaya Argentaria SA ... was selected to take over the assets of Guaranty Financial Group Inc. in a government-assisted transaction ...

Guaranty might be seized tomorrow - or even today (like what happened with BankUnited after the deal was leaked).

Guaranty will be the second largest failure of the year.