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Pour fiscal management out of washington d.c. that s where all of this comes from. yeah, you covered a lot of ground there. let s go back, just to the size of the bank. first republic would be the second largest bank to fail in u.s. history and they re reportedly interested parties, jp morgan chase, pnc, big, big institutions, familiar names and the spv failure is one thing, what s happening here, these are big, big. is this different and is it more or less concerning? it s more concerning because obviously, we saw that coming and we ve had time to rectify it. it s not been able to effect phi and what shows is more consolidation of bigger banks, f failures of bigger banks and often referred to as too big to fail. there s obviously a policy problem here and there s a management problem here and it has cataclysmic effects for the economy and for people s
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