by Pam Martens and Russ Martens, Wall St On Parade: On May 1, the Federal Deposit Insurance Corporation announced that First Republic Bank had failed and that it was being sold to Jpmorgan Chase. At the time, JPMorgan Chase was already the largest and riskiest bank in the United States. The sweetheart deal the bank got from the FDIC to take … Continue reading JPMorgan Chase Has Lost a Quarter Trillion Dollars in Deposits in Last 7 Quarters — Fortress Balance Sheet or Leaky Sieve?

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