Canadian Banks are NOT being 'bailed out'

[Sir Bandelot]

You are right, I don't know what you are talking about. If you mnade sense it would be easier for everyone to follow...

No sorry...you will have to back that one up

Maybe if you used a medium you are more comfortabel with...crayons?

I have backed it up already, check my links on the Royal Bank US scandal, and others all in this thread.

http://www.mapleleafweb.com/forums//index....st&p=360874

http://www.mapleleafweb.com/forums//index....st&p=360877

http://www.mapleleafweb.com/forums//index....st&p=360880

Please, DO TRY and keep up...

[M.Dancer]

I have backed it up already, check my links on the Royal Bank US scandal, and others all in this thread.

http://www.mapleleafweb.com/forums//index....st&p=360874

http://www.mapleleafweb.com/forums//index....st&p=360877

http://www.mapleleafweb.com/forums//index....st&p=360880

Please, DO TRY and keep up...

The royal bank is one bank....and your links don't back up your claim that they have made too many speculative investments.

[Sir Bandelot]

The royal bank is one bank....and your links don't back up your claim that they have made too many speculative investments.

If you actually read the thread they include ALL the major banks, except TD.

Look here... see I have a nice blue crayon for you

[M.Dancer]

If you actually read the thread they include ALL the major banks, except TD.

Look here... see I have a nice blue crayon for you

SHOW WHERE THEY SAY THEY MADE TOO MANY SPECULATIVE INVESTMENTS...

[Sir Bandelot]

SHOW WHERE THEY SAY THEY MADE TOO MANY SPECULATIVE INVESTMENTS...

See for some people it has to be spelled out completely for them to understand. You have to read the articles. Do you think the banks are going to come out and say "we screwed up and here's why", no, they have PR teams and have to maintain their public face. Read the articles, it's about the problem in the US, and how Canadian banks are involved. Then read what Harper said in September ... consumers are spending normally in Canada, there is no crisis here. But the banks are involved in the crisis THERE... and that is what this is all about. you have to understand what happened in the US too, and how Canadian banks are involved, some are even being subpoenaed!

No one wants to loan money to the banks, because they are afraid the banks will collapse and they won't get their money back. So one way to solve it, so the banks can loan money to each other at a lower rate is to free up their debt, and the government did that by buying mortgages. That gets them back down to the 8% capital they must have so that they can borrow money again. From where? From other banks of course. Then they lend it to you, so you can buy christmas presents. I hear theres a big sale on Crayolas, better snap them up!

[Sir Bandelot]

Here is more news on the dirty deals they did thats coming out, the picture s getting more clear every day-

Ex-Optionable CEO Charged; Bank Trader Admits Fraud

Nov. 18 2008 (Bloomberg) -- A former Bank of Montreal trader pleaded guilty, and the ex-chief executive officer of Optionable Inc., a brokerage, was accused of hiding hundreds of millions of dollars in losses from the Bank of Montreal.

David Lee, 36, a former natural-gas trader at the bank, pleaded guilty last week, and Kevin Cassidy, 49, Optionable's ex- CEO, was indicted for fraud, U.S. prosecutors in New York today announced. Regulators also sued Lee, Cassidy, Edward O'Connor, 55, Optionable's president, and others.

The cases stem from C$680 million ($550.5 million) of pretax commodity-trading losses the bank announced in April 2007. Those losses grew to C$853 million for the fiscal year, paring profit by C$440 million.

http://www.bloomberg.com/apps/news?pid=206...id=a4DVPmM8TnZY

Edited November 18, 2008 by Sir Bandelot

[Smallc]

So we are investing all of that money in jobs? and none to do with the risks banks took on lending money to those that cannot afford it

We haven't taken on any more risk than we had originally.

[Oleg Bach]

The biggest fear that Canadian bankers have is not of failure - but of the disease of failure spreading up from the American disaster. Canadian banks are very aware that Amercan finacial instututions can deploy coersive threats from the south - but now - the American monster can not bully our institutions - because they are to busy whiping their own butts - and a long bath may be appropriate for the bullies.

[whowhere]

Canadian Banks are NOT being 'bailed out', Cash infusions were to keep them competitive.

BS!

[Sir Bandelot]

Canadian Banks are NOT being 'bailed out', Cash infusions were to keep them competitive.

BS!

Lets not call it a bail out, lets call it a nice christmas present!

[M.Dancer]

Lets not call it a bail out, lets call it a nice christmas present!

I don't pay for my presents....your parents must have been really mean.