Another bank failure. First Republic Bank.
(en-volve.com)
Comments (8)
sorted by:
Trying to keep attention off this by flooding the media with Biden saying he’d debate and Kristi Noem writing about putting her dog down?
This article seems like an ad (for silver and gold) posing as a news story.
I thought first republic failed last summer
That was First Republic Bank in California, yes - May 1st, 2023 (so nearly a year ago). This is Republic First Bank out of Pennsylvania and they've already been approved to be taken over by another bank (Fulton).
https://nypost.com/2024/04/26/business/philly-lender-republic-first-bancorp-seized-by-feds-in-latest-regional-bank-collapse/
Oh. I thought they were all connected. Thanks for the info.
So they’re calling the $6B in assets which are the 1% 30 yr treasuries that are worth a fraction. FDIC is going to make a real sh1t sandwich and hand it to the American public. Wonder if there’s a bail out or the first BAIL-In. We’ll see in the next few days
As each bank fails, the rate of bank failures could increase exponentially. It would be like a set of dominos increasing in speed as they topple each other over.
The small dominos fall first.......watch outside the US first.