0:00
First Republic stock Falls as deposits
0:04
plummeters were down almost 30 percent
0:06
on Wednesday extending losses of almost
0:09
50 percent on Tuesday it's rumored that
0:11
the FDIC might take the bank into
0:13
receivership another that sounds like a
0:15
sexual position to me receivership yeah
0:18
it does sound pretty funny it's like the
0:19
FDIC is pegging Signature Bank for their
0:22
lack of funds that 30 billion was uh
0:26
infused by 11 larger Banks and it looks
0:29
like they still need more money or may
0:30
potentially go into receivership what is
0:32
going on with the banks mark Why can't
0:34
your former employers keep this
0:36
rolling why do they gotta lever
0:38
what what's going on Hey listen I never
0:40
worked for the big Banks Brian I work
0:41
for the small mom-and-pop Banks real
0:44
homegrown Banks just working on pure
0:46
advisory really trying to create
0:48
shareholder value so you know we didn't
0:50
contribute to any of these systemic
0:51
risks my former colleagues definitely
