[Diana in Wisconsin]

San Francisco-based First Republic is the third midsize bank to fail in two months. The only larger bank failure was Washington Mutual, which collapsed at the height of the 2008 financial crisis and was also taken over by JPMorgan.

For Dimon and JPMorgan, there may be a sense of déjà vu: Back in 2008, Dimon was the go-to banker for Washington to find private solutions for that banking crisis and JPMorgan acquired both Bear Stearns and Washington Mutual.

[Dilbert San Diego]

I hope we don’t see cascading bank failures ripple through the banking system. Time will tell.

[C210N]

Story also posted here:

JPMorgan to buy First Republic after regulators seize control

[usconservative]

If anyone is a Chase customer, now is a good time to pull your account.

[G Larry]

And after the next bank failure and the next bank failure, they’ll still be telling us...’Nothing to see here..’.....

[Machavelli]

Our Government continues to financially support big businesses like JPM while they implement the destruction of smaller businesses. The Covid lockdowns also allowed the Government to selectively assault not only small businesses, but the Church. So one can only conclude that our Government is pure EVIL.

[Opinionated Blowhard]

Next year, we’re going to find out about the sweetheart deals that the regulators cut with JP Morgan and the other purchasing banks. Just like last time, there is a “crisis” so no one scrutinizes the transactions too carefully.

[ConservativeInPA]

Privatizing profits and socializing loses. Sickening.

[hanamizu]

It’s funny, I know, but I don’t seem to remember major bank failures during the Trump administration. Do you think it likely that some reporter might bring this up during Brandon’s next news conference?