Note by Peter Nayland Kust on Substack: "Bank ruptured. The FDIC is leaving First Republic Bank twisting in the wind. The rumor mill has taken hold and sending depositors fleeing for the exits Federal inaction will drive federal action. That is a recipe for disaster. https://www.aljazeera.com/economy/2023/4/28/firs…"

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Bank ruptured.

The FDIC is leaving First Republic Bank twisting in the wind. The rumor mill has taken hold and sending depositors fleeing for the exits

Federal inaction will drive federal action. That is a recipe for disaster.

If the San Francisco-based lender falls into receivership, it would be the third US bank to collapse since March.

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