Gimme a break. Don’t you just want to scream at a banker? This latest spin doctering by the bank brass says “Business is as usual”. RBC’s CEO says “nothing is out of the ordinary…”
I guess no one told him about bank spreads higher then ever before in history. Or what about the cut in available credit in the last Canada Mortgage Bond Issue that means only the best of the best get insured mortgages these days, oh and what about variable interest rates going from deep discounts below prime to premiums of up to .75% above prime. Maybe his people are hiding from him that they are cutting or demanding lines of credit from small business people who are current. Oh and of course the fact that the banks are not matching the Bank of Canada’s trend setting rate to be a part of the solution in the recovery…
Gimme a break, now I remember why I sometimes hate bankers
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