TD Bank stock heavly shorted - is this the end ?

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silentkisser

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Jun 10, 2008
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Soccersweeper said:
There has never been a Canadian bank bailout because they are so well run. The last time short sellers went after the banks for what was called the big white short, they got burned. The two systems are different and there is nothing to se here
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Hate to break it to you, but they all got billions from the Feds during the financial crisis.


Now, Canadian banks, historically, have been risk adverse compared to the investment banks in the US. I'd say the odds TD goes down the toilet are slim to nil. Now, they are being hammered over money laundering allegations, so we'll see what shakes out.
 
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ValuedSupporter

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silentkisser said:
I'd say the odds TD goes down the toilet are slim to nil. Now, they are being hammered over money laundering allegations, so we'll see what shakes out.
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Agreed. I'm just responding to "TD is the best" [investment I assume]. Not really over the last 5 years. TD steps in shit every 15 years or so it's about this time.
 
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Soccersweeper

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silentkisser said:
Hate to break it to you, but they all got billions from the Feds during the financial crisis.


Now, Canadian banks, historically, have been risk adverse compared to the investment banks in the US. I'd say the odds TD goes down the toilet are slim to nil. Now, they are being hammered over money laundering allegations, so we'll see what shakes out.
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Hate to break it to you but they didn't. Our banks had no capital issues at all. What happened was the Feds wanted to lend tens of billions immediately to get money in the economy. Rather than create an agency from scratch with no experience, the solution was buy tones of insured mortgages from the banks. By taking these assets off their hands and giving them oodles of cash in exchange, the banks were able to lend that money out, something their capital ratios would not have allowed if they still had all those assets. The banks were happy to do that, it was an efficient market so,union to get money in the system overseen by people who do that for a living, and as part of the deal, the government bought the mortgages at a little less than FMV. None of those mortgages caused them a loss, and so when they were paid in full the government made a profit. In other words, the banks gave the government money. Ain't facts and history a bitch when making things up?
 
Adam_hadam

Adam_hadam

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Feb 26, 2008
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silentkisser said:
Hate to break it to you, but they all got billions from the Feds during the financial crisis.


Now, Canadian banks, historically, have been risk adverse compared to the investment banks in the US. I'd say the odds TD goes down the toilet are slim to nil. Now, they are being hammered over money laundering allegations, so we'll see what shakes out.
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Caldwell on Market Call today: his insight is whenever the penalty on TD is assessed the stock should fall then it's time to buy back in. Makes sense to me.
 
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Carvher

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Apr 13, 2010
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TD is poorly run. CEO should be canned. I can't believe he is still there. I sold my TD stock and hold only Royal now.
 
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