2008-03-01 — theglobeandmail.com
BMO's problems are particularly acute, with the bank last week announcing $490-million in writedowns and this week facing as much as $495-million more because of the unravelling of two trusts that it runs.
"We are no longer in the same world that we were in December," said a person familiar with the discussions between the banks and the committee.
Defection in the Canadian ranks. And thus wavers what looked like one of the most certain debt market bailout schemes.
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