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Yes they share in the blame as they got greedy, but the Fed enabled it. Why else did First Republic Bank have a loan-to-deposit ratio of 113%? They were embolde
by mise_en_place 4y ago
Yes they share in the blame as they got greedy, but the Fed enabled it. Why else did First Republic Bank have a loan-to-deposit ratio of 113%? They were emboldened by the Fed thru the use of RRPs and zero reserve requirements.