Buydem Bails Out Banks AGAIN Stealing Your Production And Giving It To Morgan-Chase AGAIN. Quiz: What 21st Century President Didn't Bail Out Foolish Banks and Start A Stupid War?

Posted by freedomforall 10 months ago to Government
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Excerpt:
"The second largest US bank failure in history become a fact after the San Francisco-based First Republic lost $100 billion in deposits in a March run following the collapse of fellow Bay Area lender Silicon Valley Bank, a testament to the catastrophic supervision of the Mary Daly-led San Fran Fed, which was more worried about rainbow flags and DEI than making sure banks in its regions were, you know, solvent. It limped along for weeks after a group of America’s biggest banks came to its rescue with a $30 billion deposit. Those deposits will be repaid after the deal closes, JPMorgan said.

And with the collapse of FRC, three of the four largest-ever U.S. bank failures have occurred in the past two months. First Republic, with some $233 billion in assets at the end of the first quarter, ranks just behind the 2008 collapse of Washington Mutual. Rounding out the top four are Silicon Valley Bank and Signature Bank, a New York-based lender that also failed in March.

Meanwhile, just as we said a month ago when we joked that the regional bank crisis is meant to make JPM even bigger and more systematically important than ever, as it pays just 0.01% on its deposits as it remains the only truly "safe" bank for US depositors, in effect collecting a $90 billion annual subsidy courtesy of its TBTF status..."
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The US federal government is controlled by BANKSTERS, War Makers, and Drug Dealers.
SOURCE URL: https://www.zerohedge.com/markets/second-largest-us-bank-failure-history-first-republic-bank-seized-fdic-sold-jpmorgan


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