Toronto Escorts

The Big Lie continues - Canadian Bank Bailouts

nottyboi

Well-known member
May 14, 2008
22,447
1,325
113
So if our Banking system was and is so stable, Why 114 billion dollar bailout ?

https://www.youtube.com/watch?time_continue=49&v=9HZFtKLcbjU
Its quite easy to explain, after the huge fraud in the USA, the book value of mortagages took a pummeling, even if they were legit, performing ones. Rather then the banks take a HUGE writedown on an artificial loss the sensible Feds stepped in (after all many of the mortgages were guaranteed by CMHC anyway) and bought them at a reasonable price. Its not like the govt bailout of GM which was a dead loss.
 
Ashley Madison
Toronto Escorts