I'm Jim Kramer and you're about to hear a sample taken directly from today's CBC Investing Club

morning meeting.

Okay, so we know Jeff this week as the federal open market.

We just got the JPMorgan resolution, which is I think very positive, although Jamie said

loans are going to be a little restricted.

I come back and say, you know what I think matters here is that we know this can be a quarter point. It's just about whether they say, listen, we're not going to do anything in the June meeting. Or really just say, you know what, we'll play it data independent. Data independent means that the market might sell off. There could be a buying object. So maybe it's a little bit more of like a hawkish hulk because there's definitely people looking for a one and done situation here.

Definitely. buying up to you. So maybe it's a little bit more of like a hawkish hulk because there's definitely people looking

for a one and done situation here.

But it depends on the data, of course.

Still a big determinant.

Big week, by the way.

Got about 30% of the S&P 500 reporting, the Fed meeting, as you talked, as you mentioned before.

But the real story of the day is what you just referenced was J.P. Morgan

taking over a big chunk of First Republic. Now, I think what people have to understand is that

JP Morgan learned this lesson. First, they bought bears sturs, and that was hideous. They didn't

make any decision. They felt that somehow the government would indemnify them. Then they bought

Washington Mutual, and they realized, lay at a second, here's the playbook. We're not taking any of the liabilities here. We're just getting the upside and we're doing you a big favor. That was one the reasons why I think they had to pay the FDIC 10 billion because it's such a great thing to be able to go beyond 10%. It's a great franchise. And all the loans are basically going to be

guaranteed in the loan to value so good that I think people would say, oh, it's sweetheart,

unless they had paid the 10th. Now, this was the fourth bank failure this year. The second largest

than U.S. This one was actually larger than Silicon Valley Bank. But at least Jamie on the call this

morning says this part of the crisis is over.

It doesn't sound like any other banks are at risk from this asset liability, mismatch, the deposits fleeing, which is a good thing for the entire sector, which is why you get a good rally in Wells Fargo today. Yeah, I want to point to you a piece by a really good guy, Michael

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