Why the Big Banks Saved First Republic

Citigroup Inc. Chief Executive Officer Jane Fraser talks about why Citi and 10 other major US banks contributed to a $30 billion rescue package for First Republic Bank. She speaks on "The David Rubenstein Show: Peer-to-Peer Conversations" recorded March 22 in Washington.

[ciarankelly]

Bottom line- They did this as they didn’t want a run on their own stock and she was scapegoat to tell the world! Jamie Dimon is too smart to do tv interviews on why they did bailout!

[wilfredpeake]

i mean all they had to do was give a loan to the bank, they can literally create money out of thin air. here's how when a bank writes a loan they basically owe the person getting the loan money immediately and put it on their liabilities, after they go to their assets and write down you owe them more at a later date. and that's how banks make money

[desmomotodesmomoto]

FRB is a good bank.
Fed will save them 100%.

[afal]

First Republic used to be a good bank...but they would have been the next domino if not for this intervention and these big banks don't want a run on their own deposits (of which they also don't have enough).

[notheotherklaus]

Jamie Diamond calls around (not Yellen) because he heads the biggest banks and they own the USD system through the FED, which is just like their club and not a government institution like most believe

[sspctm]

I mean it's a bit disrespectful for David to talk to Jane and continually mention his name. Know what I'm saying? Like you're interviewing the CitiBank CEO, give her the spotlight. Don't take it away. It's just not cool.

[yonayehezkel]

How Human Nature Works

Human nature is the desire to receive, also called “desire to enjoy, ” and it functions by receiving what is beneficial to itself and rejecting what is harmful. Everything in our lives is built upon this calculation where we first try to distance ourselves from harm, and then seek how to draw ourselves closer to what is beneficial.

Human nature also includes a multilayering of systems that work simultaneously on still, vegetative, animate and human levels. One of those systems is our bodily one, which operates involuntarily. If our bodies are healthy, then they know what is good for them and draw that goodness to themselves. After the bodily system, there is the emotional system, which also functions relatively according to instinct. From the emotional system, we move to the mind, and from the mind to the intellect, and so on. That is, we have systems over systems that concurrently work on receiving what is beneficial and rejecting what is harmful.

Such is human nature and the essence of our lives. Our every desire, thought and action operates according to the calculation, “How can we receive what is most beneficial to us and reject what is harmful?”

[jinny]

David Rubenstein: Jamie Dimon is a legendary banker and CEO
Jane Fraser: I'm sorry. Who ?

[worldinstagram]

David could call Citi CEO Jane and highlight that the statements made on FRC or saving banking didnt exactly pan out well. Even with 30B $

[savvystewardship]

Mandatory participation from Pennsylvania Ave...

[James]

When rates start to go down, FRC stock will rise. This rise will result in a short squeeze which will sky rocket the price even higher

[akazad]

Sir, I am a poor man, I live in Bangladesh, I am very needy with my family, I am a truck driver, I cannot get license due to lack of money, it is not possible for me to run my family, my humble request to you is to buy me a truck, I By doing that help me to support my family, my humble request please hope you will remove the need of a poor man.