The Fed's Bailout of First Republic Bank

First Republic Bank or FRC is looking to offload some $170 billion worth of loans, many of which are interest-only loans on Hampton properties. Although the economy is trending down for folks like you and I, the rich continue to get richer from their proximity to power. The spark that started this particular fire isn't the problem. It's all the leaky cans of financial nitro glycerin stored in an active fireworks factory by the regulator. They know better.