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The Best One Yet
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First Republic Bank's Stock Falled 75 Percent in the Last Week
On Monday, we learned that customers yanked a shocking $100 billion worth of deposits from First Republic Bank just since March. The bank owes an estimated $50 billion more than it owns and someone has to foot the bill. CNN's John Sutter says there are three options about who is going to pay this $50 billion tab: banks, government or interest rates.
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