Bag Holders

Canada sold us oil, we sold them subprime.

30% of Canada's money market was in subprime. Now marked at 50% on the dollar. By my math that means that about 15% of the money in Canada just evaporated.

Who is better off? I am not sure. We have nothing except burnt hydrocarbons. They have paper they cannot sell. Domtar's pension just blew the f up. Watch your pension plans my friends.

Who here thinks we need lower rates with oil at 135?