can someone explain to me the money that FDIC / any gov agency gave to JP for their acquisition of first republic?
like they got a loan from the FDIC, right? but how are they “sharing the losses with FDIC” (which is what i heard)?
and how THE FUCK do you acquire a dying bank and then expect to profit? confidence game?
yort
npub156…03y3s
2023-05-01 12:35:54
Author Public Key
npub156ndcn2xqlav8wrty2gk8x9qtmen7wx2uhl2hmrxsvkwq2duza2sw03y3sPublished at
2023-05-01 12:35:54Event JSON
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"content": "can someone explain to me the money that FDIC / any gov agency gave to JP for their acquisition of first republic? \n\nlike they got a loan from the FDIC, right? but how are they “sharing the losses with FDIC” (which is what i heard)?\n\nand how THE FUCK do you acquire a dying bank and then expect to profit? confidence game?",
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