Tuesday, September 09, 2008

ENRON settlement, $7.2 Billion



and... $2.4 billion of that from CIBC; who only 4 hours ago made a statement that their sub prime mortage holdings were "not as problematic" as they were. I'm guessing this $2.4 billion is a tad problematic? Olympia & York still haunts and now this. I'm glad I have no demand loans with CIBC. (I have no demand loans period, but CIBC is famous for bringing in the hatchet men to collect after big losses, hey you've got to recoup your mistakes some how right?)

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