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The Collapse Of First Republic Bank, What Happens Next? | Weekly Round Up

Inflection Point

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JP Morgan Chase Wins Acquisition of First Republic Banks

JP Morgan Chase is not assuming first republic's corporate debt or preferred stock. They got to take a look at the books, pick what they wanted, not assume what they didn't. The FDIC gave them basically a free put in air quotes. This is a, this is an assassination. And I mean, I just, this is, this is not accidental.

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