About that bank failure? First Republic Bank? The 14th largest?

[LightRoasted]

For your consideration ...

No biggy. Simply put ....... “It was a run on the business model,”. You can't make this shiat up.

Nothing to see here or to worry about.

First Republic Bank Is Seized, Sold to JPMorgan in Second-Largest U.S. Bank Failure

The deal will see JPMorgan take on all of First Republic’s $92 billion in deposits and buy most of its assets, including about $173 billion in loans and $30 billion in securities.

www.wsj.com

 

[herb749]

For your consideration ...

No biggy. Simply put ....... “It was a run on the business model,”. You can't make this shiat up.

Nothing to see here or to worry about.

First Republic Bank Is Seized, Sold to JPMorgan in Second-Largest U.S. Bank Failure

The deal will see JPMorgan take on all of First Republic’s $92 billion in deposits and buy most of its assets, including about $173 billion in loans and $30 billion in securities.

www.wsj.com

Notice how it was quietly done so it wouldn't hurt Biden or democrats.

 

[HemiHauler]

Notice how it was quietly done so it wouldn't hurt Biden or democrats.

You mean like all bank failures/takeovers?

It’s of the most expedient and efficient things government does.

 

[HemiHauler]

Notice how it was quietly done so it wouldn't hurt Biden or democrats.

Furthermore, Biden or democrats don’t have anything to do with bank failures like this.

 

[herb749]

Furthermore, Biden or democrats don’t have anything to do with bank failures like this.

Like the 1st few .? Do you even watch the news.

 

[HemiHauler]

Like the 1st few .? Do you even watch the news.

Walk me through it.

 

[Tech]

And credit union failure are never mention, most are mere dimes.

 

[LightRoasted]

For your consideration ...

And credit union failure are never mention, most are mere dimes.

Yup. And the list is a long one. It's how the game is played with the funny money we call the dollar.

Conservatorships and Liquidations

Conservatorship: From time to time, the National Credit Union Administration places a credit union into conservatorship in order to resolve operational problems that could affect that credit union's safety and soundness. Conservatorship means the NCUA has taken control of the credit union...

ncua.gov