[1Old Pro]

Morgan will now dump every bad loan they’ve got on their books into the First Republic pot.

They didn't "acquire" all the assets, the bad ones they left with you and me, otherwise known as the government.

[Toddsterpatriot]

They didn't "acquire" all the assets, the bad ones they left with you and me, otherwise known as the government.

With the FDIC, otherwise known as the banks are paying for it.