Comments on: The Monarchs Of Money – A Brief Documentary on the World’s Most Powerful Cabal https://4closurefraud.org/2013/05/05/the-monarchs-of-money-a-brief-documentary-on-the-worlds-most-powerful-cabal/ - Fighting Foreclosure Fraud BY SHARING THE KNOWLEDGE Sun, 05 May 2013 14:50:09 +0000 hourly 1 https://wordpress.org/?v=7.0.4 By: JEHR https://4closurefraud.org/2013/05/05/the-monarchs-of-money-a-brief-documentary-on-the-worlds-most-powerful-cabal/#comment-411614 Sun, 05 May 2013 14:50:09 +0000 https://4closurefraud.org/?p=59435#comment-411614 I understand that this is the first in a series of programs. I was hoping it would be a little more hard-hitting by naming how the five largest banks in Canada were injected with “liquidity” after the 2008 crisis, some to the tune of 100% of their equity. (See: http://www.policyalternatives.ca/sites/default/files/uploads/publications/National%20Office/2012/04/Big%20Banks%20Big%20Secret.pdf chart on page 6)

The series also did not mention that some Canadian banks borrowed funds in the billions from the US Federal Reserve Discount Window. See: page 14 in the above document. One bank received money from TARP via AIG bail money to Goldman Sachs.

Now we see that Canadian banks are TOO BIG TO FAIL ( http://www.thestar.com/opinion/commentary/2013/04/03/all_of_canadas_major_banks_too_big_to_fail_goar.html ) which just means when they become insolvent, the government will bail them out. We should also mention that in the latest Harper/Flaherty budget, there is a bail-in provision which means depositor’s funds can be used to make an insolvent bank whole.

Do you feel that our banks are safe?

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