Wash, rinse, repeat. Here we go again.
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Will this be the first domino to fall ?
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Yes except for low delinquency rate and $2 billion.
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Game on. Now watch it spread.
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Its called vulture capitalism for a reason. This is the reason. NEXT!!
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Its compound interest at work. Its not the debt, its the artificial interest and artificial inflation that is at fault.
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What happened?
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Canada should stick with it's banks...some of the safest ion the world.
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I could be wrong but having lived in Canada, I see nothing in common with US banksters. RBC (has slipped) still 16th safest bank in world
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TD bank ranks #11. North one US bank m5.op akes the top 17. Germany, Switz and Netherlands have the 5 safest (3 are German)
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This will be bad.
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They will be okay, someone just bailed them out. Happens when you grow too fast and originations exceed interest income stream.
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