SVB Bank was 20B$, First Rep. Bank is 13B$, Anyone Else Had Enough of Bailing Out the Wealthy?

It's your money. You pay into FDIC Insurance. It only had 150B$ a few weeks ago. Now it has 33B$ less. All paid out to the wealthy at the expense of the middle class.

Steve Laffey

May 02, 2023

First–Citizens Bank & Trust Company, Raleigh, NC, to Assume All Deposits and Loans of Silicon Valley Bridge Bank, N.A., From the FDIC

150-20-13=117.

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Steve Laffey's Substack--on the campaign trail

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Steve Laffey

SVB Bank was 20B$, First Rep. Bank is 13B$, Anyone Else Had Enough of Bailing Out the Wealthy?

Regulators seize ailing First Republic Bank, sell remains to JPMorgan

First–Citizens Bank & Trust Company, Raleigh, NC, to Assume All Deposits and Loans of Silicon Valley Bridge Bank, N.A., From the FDIC