What JPMorgan Chase's takeover of First Republic Bank means for customers, banking sector

JPMorgan Chase is taking over First Republic Bank after it was seized by federal regulators. It marks the third American bank failure in the past two months. Rachel Ensign, a reporter for The Wall Street Journal, joins CBS News with more.

#jpmorgan #news #firstrepublicbank

[ahmedabdelwahab]

What is happening now is a repetition of what happened before at the end of the nineteenth century and the beginning of the twentieth century, when the dependency of the American economy arose in favor of the businessman "John Morgan" during the economic crises of 1893 and 1907,
(The "Morgan" family are agents of the European Jewish "Rothschild" family (which, by the way, never naturalized American citizenship) inside America, and They intermarried with each other so that they became one family, and these families are considered the largest contributor to the Federal Reserve System, which was established in 1913) .
When "Morgan" helped overcome the financial panic in America (because of the economic crisis he and his masters ignited) when gold reserves ran out, he offered his assistance to the American state at the time and covered treasury bonds with his gold in return of course for high interest rates and allowing him to destroy his competitors.
America has lost its democracy and its political freedom since these usurers (and the rest of their partners, of course) tightened their financial and economic power over America and became the main Funders and donors of both parties (Republican and Democratic), and then used America and its military power and intelligence (CIA) to subjugate the world economically to them and their currency (the dollar) which they print through the "Federal Reserve System" .
America and the world will not be truly liberated unless people get rid of those usurers and those "greedy" financial oligarchy.

[alk]

And de mentia joe says that the economy is great 👍

[Plumbbrookpines]

Let’s not talk about how this takeover is totally illegal and a present to Jp in order to consolidate the banking 0:03 system…
Then use the fednow to implement government controlled cbdc’s.

[patrinaherringshaw]

I'm all for saving smaller businesses. There have been so many that have failed in recent years. Lol...but I think JP Morgan is gonna end up being a monster with all the takeovers.

[DesertflowerUSA]

Consumers don’t want too big to fail banks. Several comments from this source not factual.

[afal]

$10 billion for a buisiness worth $100bn? And the US taxpayer has to pay $13bn for the takeover to take effect (via the FDIC)...JPMorgan wins again.