Why have the so-called “regulators” of our banking industry allowed the “short-selling” of bank shares to become such a low-risk “opportunity” for professional “gamblers”?
Rep. Lois Frankel from Florida, sold First Republic Stock and purchased Chase Stock days before the forced sale.
Coincidence ?? I think not.
https://www.cnn.com/2023/05/02/politics/democratic-congresswoman-first-republic-stock/index.html