$Bank of America(BAC)$ BAC bailout money to First Republic$First Republic Bank(FRC)$ went down the toilet.
*** First Republic Customers withdrawn $70 billion .. 40% of First Republic total deposits.
*** First Republic received $30 billion in deposits from Bank of America and other Banks to ease liquidity pressures from BANK RUN.
*** First Republic's top executives sold $12 million in company's stock just before the BANKING CRISIS
Bank of America and other 10 banks already wasted $30 billion on First Republic Bank in this beginning of the NEW BANKING CRISIS .. and it seems like First Republic needs a lot more money $$$$$$$$$$$$$$ to slow down the bleeding.
First Republic stock was $120.00 just a week ago .. it's now down to $12.00
( shareholders losses = 90% in 1 week )
Just because you look like a healthy bank with healthy stock prices doesn't mean jacksheet.
BAC can also go from $27.00 down to $2.00 in 1 week too with the perfect storm on its way.
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