The Mudcat Café TM
Thread #43992 Message #694684
Posted By: Dicho (Frank Staplin)
21-Apr-02 - 12:05 AM
Thread Name: BS: Still alive in Argentina
Subject: RE: BS: Still alive in Argentina
The Canadian Banks such as Bank of Nova Scotia, operating in Argentina, have not lost any value on the Toronto stock market. I would guess they had transferred their money and that of the depositors out of the country. Canada has mostly big international operators in banking; there are few small ones. Here in Alberta, I think the Alberta Treasury Bank (still government I think but on the way to privatization) is the only one. The International Monetary Fund was a good idea, but as it stands, it reflects the interests of the larger industrial nations.