The Fed's Game of "Make Believe" Comes to an End
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
On Friday, after the closure of financial markets, the US Federal Deposit Insurance Corporation (FDIC) announced the failure of a Philadelphia-based bank.…
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With 30 branches across the Philadelphia region and NJ, Federal regulators have seized Republic First Bank; customers of the bank have nothing to worry about.
Republic First Bank has been struggling for a while now, and those problems were exacerbated by the current high-interest-rate environment.