Saturday, May 18, 2024

FDIC Hanky-Panky | We Thought DODD-Frank Put Bank Fail Bailouts Behind Us | Uninsured Depositors Were Warned of Fail in Advance ($670 million bailout)

Philly lender Republic First Bancorp seized by feds in latest regional bank collapse

Snippet of Article: "...Republic Bank had about $6 billion in total assets and $4 billion in total deposits, as of Jan. 31, 2024. The FDIC estimates that the cost to the Deposit Insurance Fund related to the failure of Republic Bank will be $667 million. The bank’s 32 branches in New Jersey, Pennsylvania and New York will reopen as branches of Fulton Bank on Saturday or on Monday during business hours. ..."

Source: nypost.com

Systemic Risk Exception Scam, Protecting FDIC Uninsured Wealthy Members, Dodd-Frank Violations, Invoking the Systemic Risk Exception Rule to Protect Small Banks and the FDIC Uninsured Wealthy at Your Expense, Dodd-Frank and Basel III regulations,