What the heck?! We gave First Republic Bank $%MILLION dollars last week, along with some other stupid banks, and today their stock is STILL TANKING and their credit rating is also tanking. Good Job Charlie ol boy!!
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It is for 120 days and will earn interest at the bank's normal rates. And might all be lost, but I doubt it.
The First Republic situation shows how d-mb bankers.
They shove $30 billion cash into First Republic bank to stop a bank run.
What does that signal to First Republic customers? There is a fresh supply of cash to help you empty your account.
Looks like the OP almost awakened from their 5 day slumber
There’s a big difference between 5 million and 5 BILLION. That being said, yeah 5 billion thrown at a failing bank instead of investing it in your employees with a cost of living increase is as “Let them eat cake” as it comes. The fact that every big bank did it with the same flaccid results is hilarious. No wonder our stock price is currently at $38.05. The top of the house is being held up by rotten rafters.🤦🏻♂️
LOL. 5 Billion, not 5 Million