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Source:  BNN

Category: Media

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

8 Responses to “BNN Appearance: Banks & Housing”

  1. drewburn says:

    Little tan. Nice. :)

  2. PeterR says:

    The Dour Jones Average!

    Jeez, Barry could you learn to smile on camera?

    Your photo looks like a mug shot!

  3. MikeW says:

    Wha… smartly-turned-out Canuck interviewing Ray Milland from ‘Lost Weekend’…Oh, geez, sorry, Barry…

  4. crutcher says:

    If there’s strong reason to believe that Canadian banks definitely do not have exposure to derivatives or impaired assets I’d like to know what it is.

    ~~~

    BR: Are you making a claim that Canadian banks have substantial subprime and derivative exposure? Then YOU have the burden of proof of demonstrating that.

    Disproving a negative is a chump rhetorical trick.

    FAIL

  5. [...] BARRY RITHOLTZ: CEO of FUSION IQ and THE BIG PICTURE BLOG AUTHOR -BNN TV interview comments below, full video here [...]

  6. victor says:

    I was relieved to hear that the European problem has been resolved. Isn’t Portugal next?

    Also recall the chart depicting housing bubbles in various countries: Germany/Japan /Switzerland with no bubble; then Canada with a mini-bubble followed by US with a bubble followed by several EU countries (Holland, UK, France, Spain, etc) with mega bubbles. All of course followed by the obligatory correction/bust. So it makes sense that Canadian banks escaped (relatively ) unscathed the debacle.

    Our banks? We keep reading that many of the TBTF ones are still insolvent if rigorous accounting rules were used to address the toxic assets on their books. May be a super computer that could be programmed a la IBM’s Deep Blue who beat the then reigning chess champion Gary Kasparov in the late 90′s, could be used to unscramble the derivatives Gordian Knot?

    And finally: what about the TBTF foreign mega banks (European, Chinese, Japanese). Are they too insolvent, unlike the Canadian ones?

  7. crutcher says:

    “BR: Are you making a claim that Canadian banks have substantial subprime and derivative exposure? Then YOU have the burden of proof of demonstrating that.

    Disproving a negative is a chump rhetorical trick.

    FAIL”

    Considering your interest in cognitive psychology vis-a-vis investing please reconsider what I’m saying.

    I’m concerned that there might be a false negative on derivative risk in Canadian banks. I have only anecdotal reasons for expressing this worry, but what I was asking is are there reasons that such worries are unwarranted – i.e. are there laws which strictly and rigorously prevent Canadian banks from taking on such risks, or are Canadian banks so transparent that we know with certainty that there are no such transactions. It’s an honest question I don’t know the answer to. Please enlighten if you can.