BREAKING: Federal regulators are racing to seize and sell First Republic Bank as soon as this weekend, a source familiar with the matter told @ABC. https://t.co/nCfqIHC3d6
— ABC News (@ABC) April 29, 2023
The banking crisis is not over. We are also ostill waiting for the shoe to drop on all of the financial institutions that financed people that could not afford $1,000 monthly car payments and they are having to repossessed all of those cars...and they are flooding the car market with new and repossessed cars.
The feds do these seizures on the weekends so that people aren't making runs on the banks to withdraw their money so their isn't a domino effect.
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