One reason why First Republic bank looks like its imploding could be because it actually can't benefit from the Fed's new bailout facility.
You need Treasuries and Agency MBS to tap the facility, and they barely own any.
@CNBCMiddleEast@cz_binance@Nouriel Think about it… where did the term AML came from…. Anti “money” laundering… it’s money that can be easily laundered … crypto is more traceable and immutable. Don’t try to apply the flaws of money to crypto.