You are viewing a single comment's thread from:
RE: Is your BANK INSOLVENT/BANKRUPT? Will You Get Your Money In A CRISIS?
Interesting, I'm surprised that many of the European Banks have much higher reserve ratios then their American counterparts.
No data available for Canadian Banks?
Actually have done it already. Both Canadian banks and credit unions! https://steemit.com/money/@theeconomictruth/are-canadian-banks-insolvent-if-people-withdrew-their-money-is-it-game-over and https://steemit.com/money/@theeconomictruth/canada-s-credit-unions-are-bankrupt-what-you-need-to-know-about-your-credit-union
Thanks for bringing these to my attention. Reading them now.
That's the problem with following over 100 people. Stuff gets missed in my feed all the time.
Update: Looks like the Big Canadian banks are as highly levered or worse then their american counterparts....
I am pretty sure you are already aware that the federal reserve bailed out the big Canadian banks after the 2008 financial crisis? Looks like they are going to have to do it again at this rate, either that or they do the bail in they have been putting everyone on notice about.