I do not understand why the banks always want to emphasize taxpayer-endorsement of CHMC, it would appear that the bank seems to be no risk. My question is, Do CHMC is an unlimited company? The answer is NO! CHMC is of a limited liability. Government-set-up company does not mean that the government must bear unlimited liability, which is common sense, the banks want to mislead the public?
Well, when all the big 5 banks fail in Canada, Johnny, and all the multi-billion dollar profits all go up in smoke, you can say you told us so.
Then again, if you're so sure of it happening, and of the banks being nationalized after they're raked over the coals with their negative profits (as per your scenario), perhaps now would be a good time for you to start up a short position?