Posted on 03/15/2023 5:01:27 PM PDT by rxsid
JUST IN: First Republic Bank, the San Francisco-based lender that was cut to junk by S&P and Fitch, is exploring strategic options including a sale https://t.co/fRG03oAtZG pic.twitter.com/p5vSNmnTnd— Bloomberg (@business) March 15, 2023
No need to fret. The taxpayers are good for any losses.
Buy! Buy! Buy! /s
Yup, that's what the moron Jim Cramer would say.
Does this mean pedojoe knew and paid his family millions before the crash ? How many congresscritters did likewise ? Is the bailout exclusively for themselves ? Were children with no family in d.c. molested ?
But, but, I thought FJB saved us…
I have to go grocery shopping …… Several million should get me bread and bologna
But, But, but Bidum said it wouldn’t cost taxpayers a dime——
They were my bank years ago and then BofA bought them, so I left instantly. I didn’t even know they had gone independent again until last week. Too bad - their retail banking customer service was pretty good.
Maybe we can use confiscated of funds of the Central Bank of the Russian Federation and other large Russian assets.
Why not? It’s not like that would cause any loss of confidence in US government.
Actually, it's global monetary deflation that causing the issues we're seeing.
Yes, we've seen "price" inflation - but not to be confused with monetary deflation.
As the global money supply continues to shrink through illiquidity you will see price inflation generally reduced.
This all means that your bread and bologna might be coming down in price as this whole mess plays out.
Monetary deflation can be a monster to stop. It sounds good in some respects, but results in massive unemployment and bankruptcies across the globe - with the banksters getting (stealing) the underlying assets.
“No need to fret. The taxpayers are good for any losses”
It’s a San Francisco Bank so there are unlimited funds. Worst case they might have to divert some of the billions in black reparation funds over to them that cover the losses. All is well / this is fine.
When are they going to cut FJB’s U.S. to “junk status”. That’s what they would be doing if Trump was in the WHITE House right now.
Junk Status = Libtard Status
What’s the reason? Same as the others, they didn’t manage/hedge their bond risk? Or just because their stock price is down? I guess if they got downgraded there is a reason. But it may not have to do with risk management of their bonds per se. Could be the risk of their portfolio. If they are heavy into small retail, small commercial real estate and small business they may be facing higher default risk.
San Fran and California are on a path to bankruptcy on a rocket sled. Joe and China will bail them out for a price.
California will become a Chinese sattelite.
Here’s a free article (if you allow ads) from the newspaper that sued this website:
https://www.latimes.com/business/story/2023-03-15/first-republic-bank-cut-to-junk-status-by-s-p
Yeah, because we're the only ones NOT "too big to fail!"
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.