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RE: Are Canadian Banks INSOLVENT? If People Withdrew Their MONEY, Is It GAME OVER!?
I’ve always wondered what would happen to Canadian banks if Canadian real estate were to collapse.
I’ve always wondered what would happen to Canadian banks if Canadian real estate were to collapse.
Had a mortgage broker friend of mine mention how a local credit union customer couldn't withdraw $1M in cash from a local bank!
How long ago was this?
What city was this in?
I’m in Alberta. I’ve heard a few rumours on ATB Financial. I can imagine ATB May have over leveraged themselves during the Alberta oil boom.
Last year in Manitoba. BTW I did one on Canadian Credit Unions! https://steemit.com/money/@theeconomictruth/canada-s-credit-unions-are-bankrupt-what-you-need-to-know-about-your-credit-union
Great! I’m about to check it out!
Don't wonder, instead wait. :)
Doesn’t bode well for my fellow Canadians.