The big 6 banks rapidly escalating loan loss provisions are proving to be insufficient — why and how is this possible?
It would seem that there is real a plan in the works to re-enact the 2008 Jim Flattery playbook, by projecting their bad debt onto the average taxpayer.
Professionally conducted appraisals would have undoubtedly mitigated these billion $ losses. Looking forward, maybe these banks will start sharing their billion $ quarterly profits.
Please take a few minutes to review the link attached below, which includes a highly informative video.
We look forward to your comments!
Moreover, please see below an informative discussion about the coronavirus by leading health experts at McGill University.