First Republic’s rescue, Charlie Munger’s warning, and Brad Gerstner’s harsh words 5/1/23
The Exchange
00:00
Introduction
First Republic becoming the third bank to fail since March but will it really be the last? Charlie Munger warning the banks are full of bad commercial property loans. Moody says the economic fallout from the turmoil is just beginning. Would the Fed raising rates again this week be the wrong move at the wrong time? We'll debate the fallout. Three of them are on deck to report and they run the gamut from office space to shopping centers. And we've got key things to watch and where to find value in earnings exchange.
Play episode from 00:00
Transcript
