ANOTHER ONE: First Republic Bank in San Francisco goes bankrupt, US government to step in
· Apr 29, 2023 ·

First Republic Bank, based in San Francisco, crashed on Friday and was taken over by federal regulators as our excellent economy continues to Build Back Better.


The U.S. Federal Deposit Insurance Corporation (FDIC) is preparing to place First Republic under receivership imminently, a person familiar with the matter said on Friday.

The U.S. banking regulator has decided that the troubled regional lender's position has deteriorated and there is no more time to pursue a rescue through the private sector, the source said, requesting anonymity because the matter is confidential.

First Republic is another bank in leftist California, meaning their pals in DC will likely bail them out with our tax money, further worsening the problem.

The real question?

What bank will be next? Yours?

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