First Republic Bank Losing Value

As I said to @LizClaman on @FoxBusiness on Thursday afternoon, the value of $FRC stock is wildly lower than here. Their debt would be lucky to be worth par now, but the equity value must be near zero. Just think of how much money this bank is losing every day. Paying 4.75% on all 30B in bank deposits, plus whatever it took from the FED. No business coming in. Whatever franchise value $FRC had is shrinking daily.