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Message: <blockquote data-quote="Mad as Fish" data-source="post: 28892">Another gentle story from the loving world of banking unfolds.First Republic Bank suffers the dreadful misfortune of finding itself uncomfortably short of the readies. Oh dearie me, but help is at hand as a great and glorious knight gallops to the rescue in the shape of the Federal Deposit Insurance Corp, a government quango and financial regulator. Not only does this hero of the hour seize the assets but it also immediately sells them off to the charming and noble folk at JP Morgan Chase, for a sum yet to be disclosed.But wait, there is more! A certain lady of great radiance and magnificence and a wondrous asset to Congress, enjoyed the almighty good fortune to sell her shares in First Republic Bank and, by some stroke of fate, selected instead to place this small portion of her wealth in  the trust of the angels of JP Morgan Chase at the very moment of this transaction.And all was good and all were happy, and that, ladies and gentleman, is the sort of uplifting conclusion that we should all adore, rather than miserably bury our snouts in the gutter and question as to just how Lois Frankel came to be blessed with such luck, or how it was that a vast financial institution just got vaster at a knockdown price  without any sort of scrutiny or examination.[URL unfurl="true"]https://edition.cnn.com/2023/05/02/politics/democratic-congresswoman-first-republic-stock/index.html[/URL]</blockquote>

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