First Republic’s rescue, Charlie Munger’s warning, and Brad Gerstner’s harsh words 5/1/23
The Exchange
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The Fallout From the Fed's Uninsured Deposit Report
Timothy Stanley: I expect another trillion in deposits to lead the system over the next 12 months. He says if mark doesn't get his four or five failures it's because the money went out that's good but where did it go? "I fully agree with Steve on that these are going to places that are going to be less productive," he adds.
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Transcript
