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Bank Failures Begin Again: Philly’s Republic First Seized By FDIC

Bank Failures Begin Again: Philly’s Republic First Seized By FDIC

Who could have seen that coming? (hereherehere, and most detailed here)

Admittedly, we were a couple of weeks off, but trouble has been brewing in the banking sector and tonight – after the close – we get the first bank failure of the year.

Olduvai IV: Courage
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Olduvai II: Exodus
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