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To: Chickensoup
since it is a Canadian bank it is immune to the problems here in the US

Sounds like someone hasn't been candid with your.

They are scrambling to raise capital as well.

"Equity - Two Canadian banks sought to boost their capital reserves once more Thursday, issuing new preferred equity offerings"
http://www.canada.com/calgaryherald/news/calgarybusiness/story.html?id=09de84d9-d2e2-4e76-b06c-52c1a3d7b707

The Canadian government is also looking at setting up a bank bailout plan.

58 posted on 01/23/2009 4:38:11 PM PST by PAR35
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To: PAR35

Have credit unions been caught in this problem?


73 posted on 01/23/2009 8:45:29 PM PST by Chickensoup ("Patriotism is supporting your country all the time, and your government when it deserves it.")
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To: PAR35

Thank you. I am unsure what to do.


110 posted on 01/26/2009 7:37:25 PM PST by Chickensoup ("Patriotism is supporting your country all the time, and your government when it deserves it.")
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