First Republic Bank may not make it through this Friday?!

First Republic Bank – May not survive by this Friday. Powell keep on increasing rates.
by u/No_Flatworm8955 in wallstreetbets

BANKruptcy Bingo card updated … pic.twitter.com/UMTvg5dBv4

— Wall Street Mav (@WallStreetMav) March 20, 2023

ANOTHER ONE THIS WAS LIKE 15 SECONDS $FRC pic.twitter.com/rCFoIljX2a

— GURGAVIN (@gurgavin) March 20, 2023

‘Dr. Doom’ economist Nouriel Roubini says the US banking system is in a dangerous position and the Fed can’t win no matter what it does with rates

• Banks are in a dangerous spot and a recession is foretold, according to Nouriel Roubini.
• The Fed is torn between cutting rates to ease volatility and raising rates to fight inflation, he said.
• “It’s too late to find a solution that prevents a hard landing and prevents severe financial stresses.”