What Does the Latest Bank Failure and Bailout Mean?

May 03, 2023

Episode 109, Part 1

First Republic Bank failed on 5/1/23 and JP Morgan was selected (of course) by the US government for a sweetheart, can’t lose, make JPM billions deal.

Of course.

If it weren’t for overt corruption, the US government wouldn’t stand for anything at all.

Naturally, this is all wrapped up in the usual weak cover stories such as “This was the best outcome for a tricky situation” and “We’ve taken steps to strengthen the banking system to assure this doesn’t happen again.”

Those are really ignorant rationales because the true cause of these regional bank failures was the Fed’s policies.