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RE: Are Canadian Banks INSOLVENT? If People Withdrew Their MONEY, Is It GAME OVER!?
Had a mortgage broker friend of mine mention how a local credit union customer couldn't withdraw $1M in cash from a local bank!
How long ago was this?
What city was this in?
I’m in Alberta. I’ve heard a few rumours on ATB Financial. I can imagine ATB May have over leveraged themselves during the Alberta oil boom.
Last year in Manitoba. BTW I did one on Canadian Credit Unions! https://steemit.com/money/@theeconomictruth/canada-s-credit-unions-are-bankrupt-what-you-need-to-know-about-your-credit-union
Great! I’m about to check it out!