Is First Republic Bank Next to Go?
Real Vision: Finance & Investing
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Do You Really Think the Federal Government Will Let Anything Fail?
I think it's pretty unlikely that in this environment that the federal government's going to let anything fail, mostly because of the risk of capital flight. I mean, we have 4,000 banks in the United States and the top five have something like 40 or 50 percent of the assets. We've been gradually consolidating, rolling up into larger and larger banks. And this trend just continues over time. Like you said, it's not a good thing.
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