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RE: Are Canadian Banks INSOLVENT? If People Withdrew Their MONEY, Is It GAME OVER!?
Thank you I didn't know the reserve can be down to zero. Do you think credit union is less risky without the Derivatives time bomb?
I haven't looked too much, but I have seen on the balance sheet of one of Winnipeg's biggest CU MBS from their highest risk mortgages. $159M I think
I am working on doing CU and banks in other countries that will come in the coming weeks. Took about 4 hours putting together the above info.