An excellent clip on YouTube for those who can appreciate some humour on the madness of structured debt and the resulting credit crunch currently afoot. See The Long Johns-The Last Laugh-George Parr-Subprime. (Runtime: 08:49 min.)
Its the truth in this humour that makes it so poignant. Enjoy.
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Cory’s Chart Corner
Load MoreWow...RBC trying hard to obfuscate an 8x growth in loan losses with candy for the kiddies, buybacks and dividend hike. Morning other Danielle...
h/t @DiMartinoBoothBattening down the hatches with an eight-fold hike in loan loss provisions north of the border:
@RBC provisions for performing loans totaled C$568 million in the second quarter, up from C$68 million in the first three months of the fiscal year.
@business
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