First Republic Bank in Los Angeles…

Contagion is growing….

Imagine driving by this and not considering the safety of your own funds.

https://nostr.build/av/nostr.build_f79a62785827aea74b68c707073ac84f98973f8babc00e08b1f6013e731e87e6.mov

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Discussion

2008 deja vu

I think this could easily be worse than 2008. They didn’t actually fix the rot in 2008, instead they swept it under a rug where it has festered and grown since.

Honestly bank lines are usually like this on Saturday in LA.

That’s nuts. Them and PacWest seem to have exposure to SVB