News: You Won't Believe This...Another Bank Is Collapsing!!
Rebel Capitalist News
George Gammon
4.7 • 1.1K Ratings
🗓️ 27 April 2023
⏱️ 12 minutes
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| 0:00.0 | Hello fellow rebel capitalists hope you're well so another bank might go bust for all of you |
| 0:08.4 | who thought the banking Christ was over unfortunately you wrong. Let's get right into this article from wolfstreet.com |
| 0:18.0 | but before we do want to remind everyone to get your tickets to Rebel Capitalists Live A.S. A.P. |
| 0:24.0 | It's going to be the Premier Investment Conference. |
| 0:27.2 | Orlando, May 12th to the 14th. |
| 0:29.6 | Speakers like Peter Schiff, Mike Maloney, |
| 0:31.7 | Lynn Alden, Brent Johnson, Jeff Snyder, just to name a few, got some |
| 0:36.2 | VIP guests like my good buddy Robert Kiasaki, Steve Van Meter, Tracy Schucart, uneducated economist. This is an event that you are not going to want to miss. |
| 0:46.3 | So get your tickets, A-S-A-P at rebel capital slide.com. |
| 0:49.2 | All right, let's get over to Wolf Street and check this out. |
| 0:52.9 | First Republic discloses it's a zombie shares |
| 0:57.9 | after jumping 12% during the day |
| 1:01.6 | in anticipation of something wonderful. |
| 1:04.0 | I love the language here, it's great. |
| 1:07.0 | Plunged 22% after hours. |
| 1:10.0 | Now within a hair of the March low. |
| 1:13.8 | What happened in March? |
| 1:15.2 | Silicon Valley Bank, Signature Bank, Credit Suisse, all went bust. |
| 1:20.5 | So if you remember, First Republic was right up there with Silicon Valley Bank. |
| 1:26.0 | So when it was having problems everyone thought that First Republic would go bust as well |
| 1:31.0 | because it had a similar balance sheet. |
| 1:35.0 | So the problems that Silicon Valley had on the asset side and the liability side, |
... |
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