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The Fed Hikes Until Something Breaks, Something Broke | Jim Bianco

Inflection Point

00:00

Inflation and the Banks

First republic is still alive, albeit trading 90% down from where it used to be. First Republic has got a consortium of 11 banks headed by JP Morgan that is pumped $30 billion into them. Pacific West went to Atlas, which is a fund that's run by Apollo and they pumped a billion and a half dollars into them. I would be surprised if there was even another failure at this point.

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