On 9/9/2014 8:00 AM, graham wrote:
> On 08/09/2014 11:15 PM, Mayo wrote:
>> On 9/8/2014 9:57 PM, Pico Rico wrote:
>>> "Ed Pawlowski" > wrote in message
>>> ...
>>>> On 9/8/2014 3:26 PM, sf wrote:
>>>>
>>>>> We floated through the housing mess unscathed too, but we also chose
>>>>> not to blame the victims.
>>>>>
>>>>>
>>>>
>>>> Some were victims, others dove in and bought houses they could not
>>>> afford.
>>>> 60 Minutes had a good segment and they had people that signed on for
>>>> mortgage payments close to their take home pay. "My sister said she'd
>>>> help me with the payments, but she didn't"
>>>>
>>>> I'd classify them as co-conspirators, not victims.
>>>
>>> The victims were the taxpayers who acted prudently and then got nailed
>>> for
>>> bailouts of one form or another.
>>>
>>>
>> The victims were also some of the banks who were induced to:
>>
>> 1.) write liar loans
>> 2.) purchase suspect mortgage generators
>> 3.) follow the absurd guidance of the CRA
>
> Luckily, our then Liberal Government forbade our banks to indulge in
> these practices. But guess who's taking the credit? The current RW
> government.
> Graham

I'm not going to step into the middle of your politics, we've plenty of
our own to wipe of four shoes.

Yes, Canadian banks had and still have more responsible lending
standards and higher down payments.

But you still have a troublesome real estate bubble.