First Republic Bank Was A Slush Fund For Uber-Rich Mortgages

First Republic Bank is desperately seeking a bag-holder to buy tens of billions of dollar worth of sweetheart mortgages given to some of the wealthiest people in the world to buy some of the most expensive houses ever built. It turns out the bank was little more than a slush fund for Wall Street Executives who knew the losses would eventually be socialized among the public.

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