Suncor Energy Inc T.SU

A few points

[marketsense]

Sharon Stone net worth approx $60M,  claims she lost 1/2 her wealth in SVB.  Now
I don't know whether that was all cash equivalent deposits,  or she was a shareholder.
Again with these things,  details are lacking but crically important in relation to a
bailout judgement.

Fareed Zaccharia on his CNN show covered a very interesting aspect of the SVB
story.  He explored the social media aspect of how quickly silicon valley tech ceo"s
were aware of of SVB problems.   Apparently the word was spread almost instantly
throughout the sector that SVB was in trouble.  That set off a panic and within a few
hours of that dissemination,  hundreds of millions of cash was electronically removed
from accounts thereby causing the crisis.  Blankfein interviewed on Zaccaria's show
and reinforced by a top media ceo,  don't remember her name,  said the panic could
have been avoided.   Panic is just panic and can easily get started by todays world
of instant acess to information whether it be reliable or not.

Bottom line,  our world of instant acess to information is not going away,  therefore
attempts to hide or cover up stuff is virtually impossible.   Their conclusion was,
there simply needs to be more banking reforms and regulation to guarantee banks
and that the system is safe and reliable.   Good luck with that.

[Donwaan]

Cut interest rates now to prevent a full-blown banking crisis. Headline fron an opinion piece on MarketWatch after UBS buys Credit Suisse for more than $3 billion in deal backed by Swiss government. How safe are the Cdn and US big banks?

[mrbb]

this fight against inflation by the fed is a farcical merry go around.  This bank bailout 2.0 and wasting away bilions upon billions USD to ukraine and reckless spending under the pretense of Inflation 'Reduction' Act could be a prerequisite to ushering the CBDC.  As i said before, they have to wreck it before they can reset it. 

[Experienced]

I really wouldn't worry about Canadian Banks and the big US banks.  That said, I would be leery of owning shares in smaller specialized and regional/local banks in the US.

[Experienced]

Good points!! Couple of thoughts.. Instant dissemination of news is here to stay and if anything will get faster and more widspread as time goes on so there is really nothing that can be done about that.. On the regulation side, as I mentioned many times before, there has been a clear pattern of lack of regulation in the financial services industry and I can say that as someone who "was

[jx7000]

"...was left to the industry to self-regulate." Kind'a sounds like how Boeing was allowed to "self-certify" its 737MAX, and we all know how that turned out.