Showing posts with label Too Big to Fail Now Means Wealthy Uninsured Members are Protected. Show all posts
Showing posts with label Too Big to Fail Now Means Wealthy Uninsured Members are Protected. Show all posts

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,