$First Republic Bank (FRC.US)$ great article on current liq...
$First Republic Bank (FRC.US)$ great article on current liquidity crisis and how FED is dealing with it. The Fed's Super Discount Window is not QE - by Ayesha Tariq.
What happened to FRC is an unfortunate feed-forward loop of fear>bank run> stock rout which lead to more fear and deposit withdrawal.. Like a self-fulfilling prophecy. Hope the fear stops and confidence comes back. FED taking right steps to improve temporary liquidity.
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