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First Republic asset sales would pose ‘contained damage’ to residential mortgage bond market, says Goldman


Any rescue plan of First Republic Bank that includes sales of its government backed residential mortgage bonds would likely result in “contained damage,” according to Goldman Sachs.

First Republic FRC has returned to the spotlight in recent days as reports of a potential rescue effort of the bank emerged, including a Bloomberg report of a potential sale of $50 billion to $100 billion of its assets from its balance sheet.

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