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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 
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 , also known as BMO Financial Group.
Stock Gum Shoe – a website devoted to guessing at the companies hinted at in stock tips – confirms  that Amos was talking about Bank of Montreal.
This is newsworthy because the Canadian banks have widely been seen  as the world’s safest and most stable banks. Indeed, the Bank of Montreal was listed  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.
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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:
 Washington’s Blog: http://www.washingtonsblog.com/2009/08/is-bank-of-montreal-canadas-fourth.html
 Bank of Montreal: http://en.wikipedia.org/wiki/Bank_of_Montreal
 confirms: http://www.stockgumshoe.com/2009/08/the-next-major-bank-stock-set-to-crash-dan-amoss.html
 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
 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
 Image: http://www.efoodsdirect.com/ammo-food.html?aid=14&adid=5
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