Bankers’ pitch to save First Republic: Help us now, or pay more later when it fails.

Big banks, banking on the narrative that they are too big to fail, at the same time lining their pockets. This is corruption in plain sight.

Banks need to learn that mismanagement has consequences.

https://www.cnbc.com/2023/04/26/first-republic-rescue-pitch-help-now-or-pay-more-later-when-it-fails.html

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Discussion

Bankers are not incentivised to manage responsibly, they are incentivised to rob everything they can from everyone and pay off the government to stay out of jail.

That’s why they do what they do. It’s not going to change without separation of money and state.

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