The Low Lights of the Great Recession

First Republic in a sense is not dissimilar to what happened with Silicon Valley Bank and Signature Bank. First Republic made loans out to wealthy people who basically said, I can get all this money in the stock market,. And now they're sitting around with mortgages that are paying them less than what they have to pay for deposits. But again, it's engendered by Fed policy. Yeah, and we're not done here. The best of the Glenbank program. So you may not remember, we were going to do another restoring event. This was going to be called restoring the covenant. You don't break a covenant with God. You break it. Well, we have made all kinds of