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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Message: Re: thoughts why CLL keeps dropping?

I just dont understand how banks that have been in business for a hundred years can all of a sudden go bankrupt. They have all the money and gold in their control ,it just don`t make any sense,,some body should be held accountable.

Well to give an example from Fortis.If a couple of very rich men who are among the board members and they had nothing in mind to become THE GREATEST and are also so arrogant that they would take over a bank with money they didn't have it's no wonder with the crisis they so it coming would bring the bank on it's knees.

Second most banks were only interested in selling products no matter the risk and members have one thing in mind to get higher in the ranking.That's why European banks suffer also that bad even they denied it first.

So if the US and now Europe is in such a trouble who will take over the role for economic grow.China ,India??Would not be supprisied if next domino to fall are the Eastern European countries.

Perhaps it would be better if we don't look to our sp for quite a while and holding in mind if they can end their Algar project the same way with pod 1 ,finally we will be rewarded.At current sp I think most of us are in red right now.Who has thought we would see these numbers again??


Oct 05, 2008 08:43AM
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