Flaherty’s Cyprus-style bank rescue plan

[canoes]

You would wonder why this would even be a option with Canadian banks always having record profits.

http://www.thestar.com/news/canada/2...an_walkom.html


I wish I had $100,000 or more to worry about


Larry

[Selkirk]

Originally Posted by canoes

. . . I wish I had $100,000 or more to worry about . . .

And if you did, you probably wouldn't be foolish enough to keep it all in one bank.

For what it's worth ... the banks here in Canada are so well supervised, monitored and regulated, that we'd be more likely to get struck by lightning, than having one of our major banks go bankrupt.

TF