I think my problem is I read "The Big Short", watched the movie (while yelling at my TV) and now I'm seeing some of the same behaviours in Alberta. Are the banks making bad decisions overextending credit? Are these companies run by morons?
I use RBC and they are the most risk-adverse bank I've ever dealt with. We get a LOC based on 50% receivables, 50% inventory when we BARELY owe them 25% of our total assets. Even then they give us a hard time.
So if they use RBC as well, who lets these guys leverage billion dollar companies and what's his contact info?
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