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the feds want this bank to fail Im your host Steve Van Meter and thanks for joining me today in our lead story today First Republic Bank is far closer to failure than we thought and at a time when the bank needs all the help they can get the FDIC is threatening to downgrade the bank which would then limit the banks ability to access money from the fed and almost certainly put it in a position to fail were going to take a look and see how bad the situation is for First Republic Bank why policy makers arent running to the rescue and more importantly how Wall Street plans to profit big as deposit flight is likely to continue and speaker McCarthy has put a big win under his belt is now looking to lock horns with President Biden and Senate Democrats over the budget deal but are both sides running against a clock that they cant beat well wait till we put this in context of the broad economy and the latest data we have which shows that both parties are running against Unlimited amount of