Why Bill Ackman fears Wall Street's $30 billion rescue of First Republic could have catastrophic fallout

Why Bill Ackman fears Wall Street's $30 billion rescue of First Republic could have catastrophic fallout

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Bill Ackman. REUTERS/Mike Cassese Bill Ackman is sounding the alarm on Wall Street's $30 billion show of faith in First Republic. The billionaire investor fears the move has put other banks at risk and could endanger the economy. Here's why he's worried and wants a temporary blanket guarantee on…

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