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Inside the $30 billion rescue of First Republic Bank

An 11-bank plan to save First Republic began with a brainstorming session between JPM CEO Jamie Dimon, Fed chair Jerome Powell and Treasury secretary Janet Yellen

In the end it's just the rich getting richer and the rest of us are focused on the bullshit.

Yes, I know Yahoo news. Got it.

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by Anonymousreply 6March 17, 2023 7:38 PM

Would you rather us taxpayers bail them out?

by Anonymousreply 1March 17, 2023 6:38 PM

r1, it's going to happen regardless but you know that.

by Anonymousreply 2March 17, 2023 6:39 PM

But it didn’t. And if you could read you’d know that.

by Anonymousreply 3March 17, 2023 6:41 PM

It's just starting r3/r1 but you know that .

by Anonymousreply 4March 17, 2023 6:43 PM

As someone who has been in the banking industry for many years, none of the banks reported are news to me. Silicon Valley, Signature Bank and First Republic are specialty banks with known regulatory and risk concerns. The fact that regulation standards and reserve requirements have been eased during the Trump Administration contributed to this situation. Credit Suisse was known to have a variety of regulatory issues for years.

by Anonymousreply 5March 17, 2023 6:59 PM

Is it a rescue bank?

by Anonymousreply 6March 17, 2023 7:38 PM
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