Introduction

First Republic Bank collapsed and it was even bigger as a bank than the previous two that failed. JP Morgan Chase's purchase of first Republic is going to cost the government about 13 billion dollars Which is going to be covered by the insurance fund that's paid by every federally regulated bank. American giant started doing it themselves in 2012 when a clothing factory shut down in North Carolina The guy who runs American giant was like we can't let this happen And so he went in he bought new equipment He retrained the staff and it changed the community. That's the mission change the community change the country change the world all with American labor and American products.