93.9 The Eagle – The News and Talk of Columbia, MO
Federal regulators have seized the First Republic Bank. The Associated Press (AP) reports it’s the second-largest bank failure in U.S. history. U.S. Rep. Blaine Luetkemeyer (R-St. Elizabeth), who serves on the House Financial Services Committee on Capitol Hill, tells 939 the Eagle’s “Wake Up Mid-Missouri” that First Republic Bank was highly-leveraged and was poorly managed. We asked Congressman Luetkemeyer if Congress should hold hearings into the bank’s failure:
U.S. Rep. Blaine Luetkemeyer (R-St. Elizabeth) meets with others in his office in Washington D.C. in March 2023 (photo courtesy of Congressman Luetkemeyer's Twitter page)
