CMHC has become a Tax Payer Liability 01/11/2012
 Debt to Income Ratio 2011 CMHC has become a Tax Payer Liability by Mike 'Mish' Shedlock November 6, 2009 "I have certainly been wrong about when Canada's housing bubble would burst for good. However, burst it will and when it does the pain will be no less than what has happened in the US." "The largest sub-prime lender in the world is now the Canadian government." by Murray Dobbin October 22, 2009 "CMHC primary deliverables is mortgage insurance and mortgage backed securities." by Jonathan Tonge July 20, 2009 Think Fannie and Freddie. | History and Collected Readings
"History, real solemn history, I cannot be interested in.... I read it a little as a duty; but it tells me nothing that does not either vex or weary me. The quarrels of popes and kings, with wars and pestilences in every page; the men all so good for nothing, and hardly any women at all - it is very tiresome." Jane Austen spoken by Catherine Morland in 'Northanger Abbey' ArchivesMay 2012 CategoriesAll "Progress, far from consisting in change, depends on retentiveness. When change is absolute there remains no being to improve and no direction is set for possible improvement: and when experience is not retained, as among savages, infancy is perpetual. Those who cannot remember the past are condemned to repeat it." George Santayana Vol. I, Reason in Common Sense |
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