RE: The RBC "bailout"!We've known all along that RY and the rest of the Canadian big banks were up to their collective eyeballs in liabilities. It should be interesting to see how many billions of bailout funds RBC received via The FED.
The question is when, not if, will RBC have to dilute again due to rising toxic debt and wrtiedown. The financial collapse part deux will make the previous collapse look like a walk in the park. Why anyone would be invested in financial or insurance plays continues to be a mystery. HF