JBoyd

There is no such thing as a CPP clawback. You can achieve the maximum payout. I'm afraid you are probably refering to the Old Age Security and Guaranteed Income Supplement for low income retirees. These are not entitlements and you don't pay into them. They are supplements to ensure that the elderly can afford to survive.

The government should close CMHC and no longer insure mortgages. This would force the banks to shoulder the risks of lending and not shift them onto the backs of taxpayers. Banks are beholden to their shareholders not to the Gov. If the banks start losing money on bad loans then the stock price will suffer and the board will change the direction of the organization. As far as who stated banks have money so lend it....these are private run institutions to do with their capital reserves as they see fit. If the cheif economist predicts future market mark downs, then the bank is going to increase the reserve ratio in order to meet the capital requirements in the future. They are in the business of creating wealth for the owners NOT for the general public these are businesses not charities.