First republic bank is failing...Get out NOW!!
1 year ago
7
First republic bank and many regional banks are falling under, putting depositors' money at risk. The federal reserve and the FDIC have been backstopping these banks...However, the real question is..for how long?
As more and more banks are failing, and inflation still running high and hot, a time might come, when a bank that is too big to bail out goes under, and the Federal reserve and the Federal government have no choice but to let it fail.
Do you have deposits higher than 250,000$ in one bank? perhaps its time to do your own research and see what is the best place to put these deposits.
Let me know what you think in the comments.
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