In Acquiring First Republic Bank, JP Morgan Has:
1. Bypassed laws against acquiring bank while controlling 10%+ of US deposits
2. Shared $13 billion in losses with the FDIC
3. Received a $50 billion loan from the FDIC
4. Effectively bought back its own deposits
5. Expects to profit $5 billion+ over the next 5 years
6. Added $18 billion in market cap this morning
This crisis has taught us that rules don’t matter in times of panic.
MonKota
npub17e…txntn
2023-05-01 13:49:07
Author Public Key
npub17e77n79erqdmalr3yehcmkrau0y63qksthykjarypcff05mm2t5svtxntnPublished at
2023-05-01 13:49:07Event JSON
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"tags": [],
"content": "In Acquiring First Republic Bank, JP Morgan Has:\n\n1. Bypassed laws against acquiring bank while controlling 10%+ of US deposits\n\n2. Shared $13 billion in losses with the FDIC\n\n3. Received a $50 billion loan from the FDIC\n\n4. Effectively bought back its own deposits\n\n5. Expects to profit $5 billion+ over the next 5 years\n\n6. Added $18 billion in market cap this morning\nThis crisis has taught us that rules don’t matter in times of panic.",
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}