First Republic’s rescue, Charlie Munger’s warning, and Brad Gerstner’s harsh words 5/1/23
The Exchange
00:00
The Fed's Response to the Inflation Problem
Mark O'Mara: I don't know that the Fed can go about its merry business of solving the inflation problem by doing what it's doing and have happening to the banks. He says we've had a run on the bank in Silicon Valley bank and we had the spillover effects on to First Republic so well it should normally take months for deposit to move and reprice is actually happening in a matter of weeks. But he doesn't think this is systemic but there's definitely six to 12 that are real problems that half of them are not going to make it through this cycle. Steve Wojciechowski: It may be that this doesn't be a systemic risk issue but
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Transcript
