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With the number of civil lawsuits in the US at around 170 due to the sub-prime meltdown we should have known that someone was going to follow suit in Canada.  CIBC is the logical case since they are now at $6 Billion in writedowns and as much as $1 Billion or more to come this quarter. The suit is going after the bank AND it’s Directors and officers.  Love to watch this unfold  

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