Colin Henderson's personal annotations on this page
Bankwatch bookmarked
on 2008-05-22
Aside from the validity of the decision to reduce availability of liquidity to Canadian Banks, I am fascinated by the comment that Canada "largely excaped the meltdown". Arguably it was relatively less in Canada, but with losses of somewhere close to $10 billion, and the subsequent lockdown on new investment by Canadian Banks, one has to question the reasonablness of that statemen.
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He noted in an interview with the Financial Times that liquidity stress in Canadian markets was much less than in the US or Europe. Canada has also largely escaped the meltdown in the US subprime mortgage market.
This link has been bookmarked by 1 people . It was first bookmarked on 22 May 2008, by Colin Henderson.
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Colin Henderson
Aside from the validity of the decision to reduce availability of liquidity to Canadian Banks, I am fascinated by the comment that Canada "largely excaped the meltdown". Arguably it was relatively less in Canada, but with losses of somewhere close to $10 billion, and the subsequent lockdown on new investment by Canadian Banks, one has to question the reasonablness of that statemen.
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He noted in an interview with the Financial Times that liquidity stress in Canadian markets was much less than in the US or Europe. Canada has also largely escaped the meltdown in the US subprime mortgage market.
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