Yellen's Backstop Message, First Republic Shares Jump, Nvidia and the AI Arms Race 03/21/23
Squawk on the Street
00:00
The Government's Not Going to Take Control
If you have a $25 billion or whatever, the whole is on their asset base where you need to market, nobody's going to buy them and take that mark. And yet if you want government help, you got to you. The government's not going to be there to help unless they zero it, which is not going to happen either at this point. So yeah, you were a little confused. I find the idea that first republic's value is nil after what happened to the future to be wrong. They do have a lot of quality counts away from this though. They do.
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