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Is the Bank of Montreal (Canada’s 4th Largest Bank) About to Crash?

Posted By admin On August 20, 2009 @ 3:53 am In Money Watch | Comments Disabled

Washington’s Blog [1]
Thursday, August 20, 2009

Dan Amos – who called the crash of Lehman and other giants beforehand – says that a major bank is lying about its ability to pay shareholder dividends, has been gaming its books, and is about to crash.

Amos doesn’t say which bank he’s talking about, but gives the following hint:

[It has] a 192 year old history and 37,000 employees . . .

A quick Google search reveals that this can only be the Bank of Montreal [2], also known as BMO Financial Group.

Stock Gum Shoe – a website devoted to guessing at the companies hinted at in stock tips – confirms [3] that Amos was talking about Bank of Montreal.

This is newsworthy because the Canadian banks have widely been seen [4] as the world’s safest and most stable banks. Indeed, the Bank of Montreal was listed [5] as the 33rd safest bank in the world by Global Finance (see page 2).

Amos says that the Bank of Montreal won’t be able to pay the promised $1.5 billion dividend scheduled later this year, which will precipitate a crash in BMO’s stock by December.

Note: I am not an investment advisor and this should not be taken as investment advice.

Is the Bank of Montreal (Canadas 4th Largest Bank) About to Crash?  290509banner [6]

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URL to article: http://www.prisonplanet.com/is-the-bank-of-montreal-canadas-4th-largest-bank-about-to-crash.html

URLs in this post:

[1] Washington’s Blog: http://www.washingtonsblog.com/2009/08/is-bank-of-montreal-canadas-fourth.html

[2] Bank of Montreal: http://en.wikipedia.org/wiki/Bank_of_Montreal

[3] confirms: http://www.stockgumshoe.com/2009/08/the-next-major-bank-stock-set-to-crash-dan-amoss.html

[4] widely been seen: http://www.google.com/search?q=canada+world%27s+safest+banks&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a

[5] listed: http://www.blogger.com/ache%3ArLISHMgAlpUJ%3Awww.rabobank.com%2Fcontent%2Fimages%2F2009.02.25_World%27s%252050%2520Safest%2520Banks%25202009%2520%28Global%2520Finance%29_tcm43-82382.pdf+canada+world%27s+safest+banks&hl=en&gl=us&pli=2

[6] Image: http://www.efoodsdirect.com/ammo-food.html?aid=14&adid=5

[7] Elitist Confab in Montreal: Adapting to a New World Order – Day 1: http://www.prisonplanet.com/elitist-confab-in-montreal-adapting-to-a-new-world-order-%e2%80%93-day-1.html

[8] BANK DOWNGRADE RAMPAGE: Goldman, Bank Of America, Morgan Stanley, Wells Fargo, And Citigroup Just Got Cut By S&P: http://www.prisonplanet.com/bank-downgrade-rampage-goldman-bank-of-america-morgan-stanley-wells-fargo-and-citigroup-just-got-cut-by-sp.html

[9] Study: Are Prozac-popping fish present in the St. Lawrence River in Montreal?: http://www.prisonplanet.com/study-are-prozac-popping-fish-present-in-the-st-lawrence-river-in-montreal.html

[10] Central Bank Hid Housing Market Crash Forecast: http://www.prisonplanet.com/central-bank-hid-housing-market-crash-forecast.html

[11] ATMs Crash Across The Country After “Bank Holiday” Warning: http://www.prisonplanet.com/atms-crash-across-the-country-after-bank-holiday-warning.html

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