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First Republic’s rescue, Charlie Munger’s warning, and Brad Gerstner’s harsh words 5/1/23

The Exchange

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The Fed Meeting and the Banking System

A trillion doesn't leave without it being problematic right yeah 10 I think we'll flow out you know for a period of time but a bitches gonna come back because banks are going to start focusing more on interest spread. The two day Fed meeting does kick off tomorrow Tyler Mathison and I will be heading down there to cover the rate decision don't miss our special programming this Wednesday from Washington DC May 3rd starting at 1 p.m. Eastern now let's turn to so far who shares a reversing course down about 9% today after the company mentioned slowing growth and warned their student loan business may not return to pre pandemic levels remember so far one of the players hoping to benefit from deposit

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