yort on Nostr: can someone explain to me the money that FDIC / any gov agency gave to JP for their ...
can someone explain to me the money that FDIC / any gov agency gave to JP for their acquisition of first republic?
like they got a loan from the FDIC, right? but how are they “sharing the losses with FDIC” (which is what i heard)?
and how THE FUCK do you acquire a dying bank and then expect to profit? confidence game?
like they got a loan from the FDIC, right? but how are they “sharing the losses with FDIC” (which is what i heard)?
and how THE FUCK do you acquire a dying bank and then expect to profit? confidence game?