A "bull case" scenario for the shares of beleaguered First Republic Bank (FRC.N) as it considers its options became more difficult on Wednesday after Treasury Secretary Janet Yellen said there is no discussion on insurance for all bank deposits without approval from the U.S. Congress.
Let the failing banks collapse, bad decisions from bank management is not the responsibility of the taxpayers. The banks that think that the government will always bail them out then they will continue with their risky investments