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See the title. > US officials lead urgent rescue talks for First Republic There is no need for any urgent rescue talks. Fed will print money.
by slaw 3y ago
See the title.
> US officials lead urgent rescue talks for First Republic
There is no need for any urgent rescue talks. Fed will print money.
- SeanAnderson 3y agoIf that were true then the stock price wouldn't have tanked 50% today, IMO. FRB is going into receivership in about five hours, bet.
- JumpCrisscross 3y ago> then the stock price wouldn't have tanked 50% today Depositors are probably protected. Bondholders and equity holders, probably not. Last I heard, PNC was the front runner.