....you have nothing to worry about.

[Mega]

Mega's take on this:-

1. "They" are sh1t scared
2. The Banks can NOT withstand even a small dip
3. They gone into FULL Bulsh1t mode

Note the "fluffy man + calm back ground music"

Sum Up:- Its coming!!!!!!!!!!!!!!!!

[GRG55]

Re: ....you have nothing to worry about.

Mega's take on this:-

1. "They" are sh1t scared
2. The Banks can NOT withstand even a small dip
3. They gone into FULL Bulsh1t mode

Note the "fluffy man + calm back ground music"

Sum Up:- Its coming!!!!!!!!!!!!!!!!

The video is by the Bank of Canada (our version of The Fed).

The mainline banks in Canada won't have a problem from mortgages. This isn't like the USA circa 2006. The banks here have been very careful to make sure they shed the risk, and a lot of that is carried by the taxpayer because of mortgage insurer CMHC, which is a government creation.

Its over-indebted private households that are going to be in trouble, and the banks will see their losses coming from things like credit card defaults.

[Mega]

Re: ....you have nothing to worry about.

Just been watching a TV program about oil production in Peru.............There are massive un-tapped stocks................there is the little problem of the native people whom live in the forrest............but Hell Am sure we find that they are a THREAT to American national sercurty!.............Commie/Islamic terror types.......we must help the "Free" people of Peru....
Mike