Nero pointed out this article in the Globe and Mail about the Big Six Canadian banks urging the government to tighten up mortgage rules to control runaway speculation in the Canadian real estate market. Just to be clear, these are the same banks that are making pretty much risk free income from these government insured mortgages. About 40% of their loan portfolio is Canadian mortgages. As Nero says:In what world do the banks have to tell the government to rein in lending and squeeze profit...
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