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Message: Re: Banks

Feb 15, 2009 04:47PM

Feb 15, 2009 11:03PM

Feb 16, 2009 01:13AM

Banks haven't stopped lending in Canada. The CEO of one of the big five was on BNN a few weeks ago, and pointed out that his bank wasn't lending any less, and that it was business as usual.

That hasn't changed the Canadian economy from being screwed. I think the banks lending argument is a bit simplistic. The real issue is that we as a society got too used to high leverage ratios, and to living on credit.

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