$300,000.00 agri- instability welfare to the rich cheques.

[burnt]

sum(notso)dumguy -

"cais helped farmers when commodity prices took a nose dive in 2003.

But really, mixed farmers have always gotten the shaft. Their hard work with the cattle was their own AgriStability.

Like every program that goes on too long, the distortions get bigger and bigger as guys learn the ropes."

Bingo! Perfectly illustrating the point that running a responsible, self-sustaining operation is ALWAYS penalized by ANY government intervention.

Government being what it is, would you really expect anything else . . . .

[cottonpicken]

There slowly deleveraging,sitting at between 20-25
to 1.

Total dervative exposure is around 18 trillion.

Impaired loans around 1%.

[sumdumguy]

Cotton, how do our banks compare to the US
banks in your view?

I value yours as well as many opinions on this
site. Where else can you get honest, no holds
barred information and debate?

[cottonpicken]

They are toast,at some point they have to be re
capitalized by the tax payers.

When the impaired loan ratio goes up and assets
write downs come the fire works will start.

[sumdumguy]

These low rates are murder on the banks.
Bubbles all over, overcapitalisation is rampant. i
fear you are right. Its a pity. The CDN
government better keep a close reign. When they
allowed banks to buy brokerage firms, they
exposed us all to unnecessary risk. Cotton, I
hope you are wrong, but I fear you prob right.

[cottonpicken]

I highly recommend everyone get up to speed on
cdic.
canadian deposit insurance corporation

It may surprise some that credit unions do not
qualify.

[sumdumguy]

Your money supposed to be fully insured with
credit unions, though where's the proof?

Will the real insurer please stand up