The FDIC's Strike to Shore Up First Republic

First Republic is down another 50% today. So the equity is basically wiped out here. The FDIC, the Treasury, the Fed, the White House, they really wanted to find a solution from the banks that actually put that $30 billion in deposit in March in First Republic. They give them 120 days. It's got a lot of shit going on, man. I've seen he changes appearances more than like Nick Cage. He looks like an aching rock star. Probably the best had a hair in the business.

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