RED ALERT First Republic FAILS Silver Spike Tamped Down as JPM Needed 50 B from FDIC ( Bix Weir)
The early morning FDIC takeover of First Republic Bank is the 2nd Largest Bank Failure Ever With the announcement came a structured takeover deal from JP Morgan so FRB could open their doors on Monday to see here The FDIC has agreed to split losses with JPM as well as give JPM a Mystery Loan of 50B The obvious question did the FDIC get 50B to loan to JPM, what are the terms of the loan and the DID JPM NEED A 50B LOAN FROM THE FDIC Soo much is hidden here as I think the FDIC s Deposit Insurance Fund is being GUTTED Meanwhile, Silver Gold started spiking up, as they should, but were quickly Tamped Down by COMEX market riggers THANKS ROSTIN BEHNAM
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