Daily Archives: October 5, 2016

As we have seen repeatedly throughout history, highly levered housing is full of downside for buyers/borrowers, the economy and taxpayers (thanks to government-backed mortgage insurance).  Finally the Canadian government has announced that it wants to introduce ‘risk-sharing” with lenders.  What … Continue reading →

It’s not just Wells or Morgan Stanley…the entire sales-insaitable finance sector is rotten.  See:  “Many other banks around the country will have to review their own sales practices if they want to avoid regulatory scrutiny.” Some further insight into this … Continue reading →