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XenaLives

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XenaLives

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Wednesday, 05/03/2023 12:08:21 AM

Wednesday, May 03, 2023 12:08:21 AM

Post# of 890
In what world is this fair to taxpayers picking up the tab?


JPMorgan Chase won an auction for First Republic Bank after U.S. regulators took possession of First Republic Monday. JPMorgan will get all of First Republic’s $92 billion in deposits, $173 billion in loans and $30 billion in securities — and will pay the Federal Deposit Insurance Corporation about $10.6 billion for them.



https://www.cnbc.com/2023/05/02/stock-markets-jpmorgan-takes-over-first-republic.html


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