I didn't realize First Republic was larger than SVB and Signature. π
Discussion
Itβs the same cycle. These things take a while to play out. https://open.substack.com/pub/kanemcgukin/p/time-money-and-people-change-liquidity?utm_source=direct&r=99ex&utm_campaign=post&utm_medium=web
People should not know itβs that bad.π
Oh, fuck. I have a checking account and a mortgage at First Republic. What do I do? π¬