The Government Shifts $50 Billion in Under-performing Mortgages to C.M.H.C

Posted on Posted in Burlington

The big 6 banks rapidly escalating loan loss provisions are proving to be insufficient — why and how is this possible?

It would seem that there is real a plan in the works to re-enact the 2008 Jim Flattery playbook, by projecting their bad debt onto the average taxpayer.

Professionally conducted appraisals would have undoubtedly mitigated these billion $ losses. Looking forward, maybe these banks will start sharing their billion $ quarterly profits.

Please take a few minutes to review the link attached below, which includes a highly informative video.

We look forward to your comments!

Moreover, please see below an informative discussion about the coronavirus by leading health experts at McGill University.

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