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Why are your banks so s****y?
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garmentmerchant
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Ive got mine neatly stacked undernieth my mattress
Piobaire
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Honestly. Like, months ago they wouldn't cash a money order even with a hold on it. Now they're all going out of business. Look to Canada for a responsible banking system. LOL.Originally Posted by LVoer
But you can buy beer 24/7 at the corner store in the US. And the LCBO really sucks hard.
But you can buy beer 24/7 at the corner store in the US. And the LCBO really sucks hard.Originally Posted by Piobaire
This is true. It's a real pain ********** trying to buy wine. If you want something specific, you have to order through the SAQ. You can't buy direct from the vineyard.
gnatty8
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Honestly. Like, months ago they wouldn't cash a money order even with a hold on it. Now they're all going out of business. Look to Canada for a responsible banking system. LOL.Originally Posted by LVoer
Investment banks are different than the quasi-governmental deposit banks in Canada dumbass. The closest you get to a Canadian bank in the U.S. is Bank of America and Citibank, and I think either could swallow the entire Canadian banking sector whole with the spare change they have lying around in executive offices.
Investment banks like Lehman and Morgan Stanley have not existed in Canada for some time, when Canadian chartered banks were permitted to buy securities dealers. This resulted in a banking model that looks like B of A, Citi, and Wachovia, which are all regulated more heavily than i-banks, and cannot use as much leverage as traditional investment banks could use. These aren't "banks" that are failing so much as large, institutional hedge funds, at least compared to the chartered banks in Canada.
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Honestly. Like, months ago they wouldn't cash a money order even with a hold on it. Now they're all going out of business. Look to Canada for a responsible banking system. LOL.Originally Posted by LVoer
You hate our freedoms.
A Canuker
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Investment banks are different than the quasi-governmental deposit banks in Canada dumbass. The closest you get to a Canadian bank in the U.S. is Bank of America and Citibank, and I think either could swallow the entire Canadian banking sector whole with the spare change they have lying around in executive offices.Originally Posted by gnatty8
Investment banks like Lehman and Morgan Stanley have not existed in Canada for some time, when Canadian chartered banks were permitted to buy securities dealers. This resulted in a banking model that looks like B of A, Citi, and Wachovia, which are all regulated more heavily than i-banks, and cannot use as much leverage as traditional investment banks could use. These aren't "banks" that are failing so much as large, institutional hedge funds, at least compared to the chartered banks in Canada.
That is pretty much it in a nut shell. Pure luck that Canada has avoided this for the most part and only due to the fact that we could not use leverage to the same degree.
That said it is not like the Canadian banking sector has gone with out its stories of losses and bad ideas. Thankfully our NY guys only went out drinking with the big US players once a week and not 5 nights or we would be just as hurting. When you hang around with the big boys your going to get into the same mess.
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