BMO: This could cause a potential banking and mortgage crisis in Canada.
Video Credit: Rumble - Duration: 00:09s - Published
BMO: This could cause a potential banking and mortgage crisis in Canada.
BMO is a large Canadian bank that has a significant amount of its mortgages in fixed payment variable rate mortgages with a massive amount of uninsured mortgages and deposits on its books.
In this video, we discuss negative amortization and what happened in the mortgage crisis in the US in 2008, and how this is likely to occur in Canada.
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