What makes you think the banks are expecting a different result from what happened in the US? The economic implosion might have sucked for the plebes, but the bankers came out of it rather well.J wrote:Anyway, back on topic, CIBC and Scotiabank are now offering cashback mortgages, basically, the borrower makes the mandatory 5-10% downpayment and the bank gives them a "cash out" on their mortgage which effectively makes it into a 0% downpayment loan. Once again, what could possibly go wrong with a 0% down mortgage? We saw what happened when the US did it and now we're doing it too. It is truly the Albert Einstein definition of insanity.
Forget Canada's Healthcare System! Lets Steal their Banks!
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Drooling Iguana
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Re: Forget Canada's Healthcare System! Lets Steal their Bank
"Stop! No one can survive these deadly rays!"
"These deadly rays will be your death!"
- Thor and Akton, Starcrash
"Before man reaches the moon your mail will be delivered within hours from New York to California, to England, to India or to Australia by guided missiles.... We stand on the threshold of rocket mail."
- Arthur Summerfield, US Postmaster General 1953 - 1961
"These deadly rays will be your death!"
- Thor and Akton, Starcrash
"Before man reaches the moon your mail will be delivered within hours from New York to California, to England, to India or to Australia by guided missiles.... We stand on the threshold of rocket mail."
- Arthur Summerfield, US Postmaster General 1953 - 1961
Re: Forget Canada's Healthcare System! Lets Steal their Bank
Didn't the Conservatives (that's the tories, right?) deregulate the banking system a bit? I think I might'e read about it some time ago, but I'm not sure.
Just saying, I'm blaming Harper for recent stupidity.
Just saying, I'm blaming Harper for recent stupidity.
"The surest sign that the world was not created by an omnipotent Being who loves us is that the Earth is not an infinite plane and it does not rain meat."
"Lo, how free the madman is! He can observe beyond mere reality, and cogitates untroubled by the bounds of relevance."
"Lo, how free the madman is! He can observe beyond mere reality, and cogitates untroubled by the bounds of relevance."