First Republic is a Zombie Bank

All week there has been a high-stakes game of chicken as the Fed, FHLB, FDIC, big banks who pumped $30B into First Republic and FRC itself all try to figure out if this thing can survive. Is it headed for FDIC receievership? Is this how the Biden Admin signals it won't bail out everyone?  Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribeto the newsletter: https://breakdown.beehiiv.com/ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW “The Breakdown” is written, produced and hosted by Nathaniel Whittemore aka NLW. Research is by Scott Hill. Editing is by Rob Mitchell and Kyle Barbour-Hoffman. Our theme music is “Countdown” by Neon Beach.