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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 691.72-0.1%Jan 16 4:00 PM EST

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To: robert b furman who wrote (47859)5/3/2012 12:32:42 AM
From: Johnny Canuck  Read Replies (2) of 69831
 
I think it is a illusion. that Canada is better off in all sectors then the USA. There is an article that suggested that the Bank of Canada lent 100 billions dollars to the Canadian banks during the crisis in 2008. The article suggest it would have been cheaper to buy the bank's stock on the open market and take them private instead of lending them the money. The banks are not as liquid and secure as the government and the banks would have you believe according to the article.

Keep in mind the centre for policy alternative is either a left leaning or right leaning think tank. I can't remember which way their research is biased.

policyalternatives.ca

montrealgazette.com

The reality is that the banking system is still broken. None of the loop holes that created the problems have been fixed and new loop wholes are being exploited.

The profits are some of the banks are an illusion also as they can borrow at new 0% and easily make 3 to 4 % be leaning it to other organization at low risk. What happens when interest rates rise and the loan portfolio is locked in at lower rates?
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