Reuters reported that First Republic's (FRC) executives have been encouraged by the involvement of U.S. agencies uncertain that the U.S. government itself will be involved in a private led bailout, notes Caroline Woods. She discusses how FRC's shares halted repeatedly. She talks about how FRC is likely headed for FDIC receivership. She notes that shares of FRC are down about 97% year-to-date. Tune in to find out more about the stock market today.
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