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To: ChicagoConservative27; Texan4Life

JPMorgan has “bought” First Republic. Just breaking now...

10 posted on 05/01/2023 3:12:38 AM PDT by C210N (Everything will be okay in the end. If it’s not okay, it’s not the end.)

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To: C210N

It’s just fiat money... Print More... :>>

The FDIC estimated its deposit insurance fund would take a $13 billion hit from taking First Republic into receivership. Its rescue of Silicon Valley Bank cost the fund a record $20 billion.

https://apnews.com/article/first-republic-bank-silicon-valley-fdic-5ab48702b7136d42f73ac13e0a20955d

11 posted on 05/01/2023 7:36:22 AM PDT by Texan4Life

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