Why The First Republic Failure Is Different
Slate Money
00:00
The Slow-Moving Thing About JP Morgan
Felix: The amount by which JP Morgan grew was pretty tiny, right? They went from $3.4 trillion of assets to $3.5 trillion of assets or something like that. But in this case, people saw what happened with Silicon Valley bank and they were like, man, I don't really want to stick around here. Felix: There's a lack of sophistication among Americans who don't entirely understand how bank failures work and how bank failures result.
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