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Awake-in-3D: What Really Happened with First Republic Bank

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What Really Happened with First Republic Bank Big Banksters of the world rejoice… – The FDIC (funded by everyone’s bank deposits nationwide) took over FRB this past weekend and conducted an auction with Big Banks to find a buyer. – JPMorgan stepped in and offered to buy First Republic, but only if the US Government guaranteed to backstop any losses. – The FDIC agreed. – JPM bought FRB, getting all the “healthy” assets and deposits for pennies on the dollar and the FDIC (meaning everyone with bank deposits nationwide) kept the toxic assets. – The toxic assets consist of “interest-only”…

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QNavy
QNavy is a pool of 3 former Navy Officers, U.S. Navy & French Navy, who served proudly their countries, specialized in conflict analysis as per their respective skills & experience on Special Ops. #NavyVetUnited

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