$FRC
Two observations on this rescue plan:
1) Easy to put deposits in, but how do you get them out, without causing another run on the bank
2) I got to assume there will be some majorly dilutive warrants
NEW: The nation’s biggest banks are close to agreeing upon a plan to deposit about $30 billion with First Republic Bank in an effort orchestrated by the US government to stabilize the battered California lender, sources say https://t.co/fGtdSEuXhb