TD Bank next to collapse? Discuss.

[max_boost]

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https://www.bnnbloomberg.ca/td-bribe...face-1.2080473

TD banker accused of taking bribes to funnel money out of US to Colombia. Just turning into an Ozarks tv show at this point.

are they gonna collapse or not tho lol
ngl not surprised by anything lol
as trump said there are lots of big bad people out there
we are simply just less russia than russia

[ZenOps]

Theres always something collapsing somewhere, its just a matter of waiting long enough.

Will the US dollar collapse someday, probably. Will the west coast get swallowed up by a Tsunami, probably. Will Venezuela invade Guyana, probably.

Save yo nickels.

[mr2mike]

Will the nickle market collapse? Probably.

[phreezee]

TD Money-Laundering Fines May Reach $4 Billion, Jefferies Says
Previous estimates have been in the range of $2 billion
Bank is also facing proposed shareholder class-action lawsuit

https://www.bloomberg.com/news/artic...ce=reddit_wall

[mr2mike]

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TD Money-Laundering Fines May Reach $4 Billion, Jefferies Says
Previous estimates have been in the range of $2 billion
Bank is also facing proposed shareholder class-action lawsuit

https://www.bloomberg.com/news/artic...ce=reddit_wall

Class action lawsuit? @ExtraSlow pops head up.

[ZenOps]

Rates did drop, but it still sucks to be the guy renewing what was estimated to be a 25 year mortgage now becoming a 47 year mortgage @ 4.75%.

Math is hard, bank math is even harder. Arguably if people start defaulting on mortgages, TD is in trouble. If however, they actually find a way to be a permanent debt slave and pay it off - then TD is pure nickel.

[ZenOps]

Its kinda weird, but technically the first bank to fail might be the one you want to be in - if you intend to lean on CDIC or FDIC insurance.

FDIC insurance in the USA is currently funded at 1.17% of total deposits or $125.3 Billion USD. The first few small banks to fail, will assuredly be able to dip into that fund and payout $250,000 to all depositors. If the bank fails too far into a multibank collapse, the pooled funds will have dried out astoundingly quickly.

But of course, the USA can just print money in that scenario - if they wish to do so.

BTW: Its long since overdue for CDIC to move from $100,000 CAD to $250,000 CAD insured.

[ZenOps]

BMO looks to be the one on the ropes BTW.

[ThePenIsMightier]

CccCCccommmbo BREAKER!!!