Alta4ever

It means they won. Elections Canada has to send refunds to those candidates. It means their was no fraud.

What proof do you have of this, do you know the man have you met the man? Quit spouting on things you know nothing about.

Holy resurrection Batman I wonder just how many here will apologize and admit they were wrong http://www.cbc.ca/politics/insidepolitics/2010/01/cpc-vs-elections-canada-okay-this-time-it-actually-is-a-sweeping-victory.html

You people are nutbars, your brains must be reacting to the tin foil wrapped around you heads.

Gee not a thing in there about this perogy. A useless link for the topic as it pertains to what harper has done on extending this parliamentary break.

No Links or proof of what you assert.

Show us how the Global credit markets where are banks go to borrow money didn't freeze in the last rew months of 2008. Show us real proof, like a balance sheet that shows these CMHC mortgages are defaulting and are indeed "toxic" assets. No Blogs no opinion pieces, just hard data.

William I can see that you as clueless as whowhere, you have no practical knowledge of how credit markets work or how insurance products work, and risk works and is rated, you are fool. You have know no and your posts on this are so full of BS. Like I said you should go read the CMHC website you you can grab some insight on how the CMHC works. You posts show you know nothing. This the same model I work in borrow money at cheaper rate then you lend it out to others its how the banks work. Grab a clue, otherwise life is going to be very tough.

butt out, even with the worst government we've had since the eighties its still a better province then you've managed in that time.

Nothing but this thread is so far off topic

The Government borrows money at a prime rate which is 0.25% The person paying the Mortgage is some where between 4.5 and 8% depending on the type and time of purchase on the mortgage, so the government is making 3.25% to 7.85% gross margin on these loans. Go read the darn CMHC website and gain some insight. If you have less then 25% to put down on a mortgage you are to high risk for regular lending. This insurance program was created so people could buy houses with a lower down payment so more could afford houses, and minimize the banks risk. Read the website.

You aren't even servicing the debt, its growing almost exponentially. And unfortunately at this time you are the linch pin in the global economy, you fail we all fail.

You first problem is the government didn't buy them they did an asset swap. The second problem you don't seem to understand is that all of these mortgages are insured, the next point is that these loans have a very low default rate, as shown in the financials I linked to. Next asset swap was a loan based transaction the rate that the government pays to service the borrowed money is less then the interest charged to the mortgagee. So the government is in a position of net gain on these. What this move did was free up the balance sheets of banks (they made nothing on the asset swap) so they were able to continue to extend credit (at a time when the credit markets were all but shut down to new lending)(I had to deal with this first hand) to the economy, in other words keep businesses functioning as they all function on credit so that they can employ workers.

It was a necessary reset, but the problems where compound from one bad policy to another, and this tax deduction just teaches people to keep mortgages not pay them off. A broad based tax cut is much more effective, and also the benefit of having a mortgage should be home ownership not a tax deduction.

And whats the first thing they do when they get in to trouble with that card the consolidate the debt in a mortgage. They get a tax deduction on the increase interest payment. They do this over and over, with bigger and bigger houses. Then the bottom falls out of the housing market. They can't repay the loans declare bankruptcy and loose it all. The the so called smart ones. Borrow against the house to invest (a leverage) again bottom falls out of the housing market they are over extended bankruptcy enough of this happens banks go under domino effect. As I said before you couple this with lose lending policies like the ones barney frank wanted crdit markets freeze up. No more loans, business can't operate, loans are being called in that can't be paid system fails. It has been around a long time and through its use by financial advisors and tax advisors that it is better to have the mortgage to get the tax deduction then pay off the mortgage. If your getting a tax deduction on interest year over year and next year your mortgage is paid off you won't get the deduction. You have just created a tax incentive to get a mortgage even though you don't need one Nope they are just further down the crap shoot then you, how ever the global markets aren't as dependant on them as the world is on the US markets. Its not over if Obama doesn't stop spending on crap policies you are close to the Brink Hoover and FDR spent the world into a depression and obama is close to doing it again. Like I was saying before I really like the US, but this is one policy that has created a monster.

No you don't get it whe I say credit I don't mean tax credit I mean cred⋅it  [kred-it] Show IPA 10. a sum of money due to a person; anything valuable standing on the credit side of an account: He has an outstanding credit of $50. http://dictionary.reference.com/browse/credit A loan/mortgage...borrowing money.

Here educate yourself before you make yourself look more ignorant, maybe you too will one day own a home and have to learn about CMHC http://www.cmhc-schl.gc.ca/en/co/moloin/ Financial statements year end 2008 http://www.cmhc-schl.gc.ca/en/corp/about/anrecopl/upload/2008-Annual-Report-Consolidated-Financial-Statements.pdf

you don't understand credit as in a mortgage not a tax credit If you give someone a tax deduction to keep credit (mortgage), they will keep the credit (mortgage), even when they don't need it This policy with an easy availablity of getting credit (a morgage/heloc) created a lending bubble in your economy, coupled this with leveraging and vola crap shoot the USA was in is created. Just pile more credit on more credit try to absorb it in the house, to get the tax deduction, housing market goes down, you lose your job and your already on the edge boom big problem. On the whole this has been beneficial? I really do like the US but come on you guys are in serious trouble your debt load as a country is huge you are on verge of bankruptcy and your current president want to loan more. Had you financial policies been sound you would not have had to spent 1.4 trillion dollars on bank bailouts, just to keep your lending markets open, your entire system of lending just about took down your whole economy.

You really don't get it do you. These are CMHC Mortgages, these are all ready guaranteed by the government, if the mortgagee defaulted the government was still on the hook, however these loans have insurance fee's called CMHC fees. Nor are these toxic assets as the default rate on CMHC mortgages are very low. This was a transfer of asset to create liquidity for lending institutions. In fact from what I understand is that the government is actually making money on this. I suggest you look up what a CMHC mortgage is.

If you give someone a tax deduction to keep credit, they will keep the credit, even when they don't need it. It gives them more incentive to re finance houses to purchase vehicle/rvs/consumer goods and to live off credit. Or over extend themselves through leveraging. This policy has harmed the US. Broad based tax relief is a much better option. With long amortization or a home equity line of credit the payment on principle isn't much.

Yes it does, but what it does is entice people to take out a mortgage against the house deduct the interest and then put that money into mutual funds, stock ect. It also begs to ask why pay off a mortgage when you can deduct the interest you are training people to not pay off debt.

Being able to deduct your mortgage takes away the incentive to pay it off. It is one of the policies that has helped lead to the bank meltdown in the US. Its a bad, bad idea.

As much as I would like to believe the hype, it is Massachusetts, I'll wait for the result before I get too excited.

The Parties base support level is around 30% without the creation of another reform party you can only dream.

What fantasy world are you living on, their was no buying of toxic bank assets in Canada that happened in the US.