Live: First Republic Bank is Already Dead, They Just Can't Admit It

It's been painfully obvious to anyone who's paying attention that First Republic Bank is hopelessly insolvent. Yet all week bankers and regulators have refused to admit it and carried out this fantasy of a rescue to prevent the bank going into FDIC receivership. When the public figures out why, it won't be pretty. First Republic Bank, The US Treasury, Congress, and the economy as a whole are living on both borrowed money and borrowed time.

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#firstrepublicbank #frc #bankrun