overthere
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Everything posted by overthere
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Interesting that the insurance company is taking a cut of the proceeds rather than a premium....... first time for that I think.
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They've laid a couple hundred charges on Uber in Edmonton and Calgary, hitting the courts now. I don't know why you think it is hard for a cop or bylaw officer to pose as a customer, that is exactly what they did. They prove it isn't a friend by swearing in court "this person is not my friend". See, easy.
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I think what you and the Gun Owners meant was that the only thing keeping the government from taking over was an armed citizenry. You said the opposite. It's a common theme among some Americans , and the basis of the Second Amendment. You're welcome. Perhaps someday your post will be linked in some way to this thread.
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One of those coutnries that used to make a lot of money with illegal drugs was...... Canada. BC bud was a multi billion dollar breadwinner in BC for years, until all the Pacific States satrted cashing in and squeezed the life out of the export business. It was estimated at one time that BC Bud was bigger money earner than Forestry in BC.
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I won't knowingly enter an uninsured vehcile, so they'd better post their policy where I can see it. The fine for driving without insurance in AB is $3000. I hope the cops start enforcing that soon with Uber taxi service drivers.
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No, they would not because the only second place votes they'd get would be from Liberals, who would already have won the seat. We have not used it in the past because the Liberals never came as close to poltical oblivion as they did a decade ago. It scared the crap out of them, and FPTP seems to allow for other parties to gain power. Ranked ballots get them into majorities and keep them there. Oh, and the math was certainly within the capabilities of our species with or without computers. I'm not surprised you approve of ranked ballots, there are 39.469999% of voters that agree with you.
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The NDP are in favour of electoral reform but you can bet your soul that does not include what the Liberals are about to bring. The NDP favour proprep because it gets them seats. Ranked ballots threatens their existence as a party. So no, the Liberals do not have a mandate to do what they please with our collective future, and to pretend they enjoy 70% support is a lie. They have 39.47% support.
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There is little chance of that happening. Why? Because ranked ballots will be the new electoral system by then. And we will enjoy Liberal federal govts from then on. Trudeau will be PM until he quits or gets fired by the Liberal Executive. Why are we wasting any time talking about legalizing a drug that nobody cares about? The debate ended when an entire generation lit up. It is 'bread and circuses' time...... Distract the masses from what matters while nattering on about shit that doesn't matter. Let's all smoke a spliff in celebration while the evil slides by just below the horizon.
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I think Trudeau would easily win a referendum if the bar is 50%+1. He should have another question on it, "abolishing the Senate". It would kill two birds with one stone, because whatever he does to hammer ranked ballots down our throats(and all his other legislation) will have to face the Senate too. It will be a constant fight for him and emperors/Royals do not care for that nonsense. Constitutional change is perhaps never been more achievable than now. Wynne is a sock puppet, and Couillard can be bought off. I've been wondering how Trudeau will get around the Senate to implement ranked ballots/elimate the final obstacle to a Liberal dynasty....... and he may well go for the gusto.
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Link? Cite? Maybe they felt that FPTP has served us pretty well for 150 years, in spite of its warts.
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The only certainty about this is that Ashton and the NDP will not be blaming Rack Nine. Not publicly.
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The Big Short (3 reasons to dislike this movie)
overthere replied to August1991's topic in Arts and Culture
You're oblivious! -
Is just a fad anyway.
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The Big Short (3 reasons to dislike this movie)
overthere replied to August1991's topic in Arts and Culture
That is a pretty dumb article! Did you read it ? The author is all in a huff because ....well who knows why he has a bone on for Canada? What he comes up with is this: because global credit dried up, and CDN banks were still alive, kicking and doing business, a CDN govt agency(CMHC, the insurer I was talking about) bought the same mortgage packages I mentioned: not subprime shit like the US banks peddled, but performing assets that made money for CDN taxpayers through interest paid and insurer premiums paid. Note that CMHC buys laons every day, it is their only business. It is not threir normal practice to buy them from banks, but these are all performing loans. Yes, they bought the mortgage securities because if the banks kept them, they would bump up against liquidity ratios(another CDN Bank Act safeguard). By adding these to the CMHC portfoilo of performing loans, it enabled CDN banks to free up capital to lend CDN businesses, capital that the US screwup had choked off at the usual international sources. CMHS had about $700 million of exactly the same product on their books, other insurers doing the same thing also have big bucks tied up in CDN mortgages. The answer to your question is yes, that was an excellent deal for Canadian taxpayers! They made money, the banks freed up credit to end to CDN business, it was a win -win and thanks for asking. -
Ill go first. I am Spartacus. Dave Spartacus.
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The Big Short (3 reasons to dislike this movie)
overthere replied to August1991's topic in Arts and Culture
Only the wee lenders have failed, and the impact is pretty small since the high ratio mortgages- the most vulnerable- are insured and the lender is not touched. The trust companies and other lenders that have gone belly up were more often involved in risky low ratio first mortages, second mortgages or commercial paper. Canadians may not be aware that all the CDN banks were involved and are still involved in doing what The Big Short refers to in the book and movie. That is bundling residential mortgages up, and selling those bonds around the world. But the difference between the two is very significant . The US bundles were full of shitty deals and the US banks lied about what they were selling , globally. In many cases the institutional buyers didn't care, they rebundled those bad deals into different mulit billion dollar packages and sold them on to others. The term 'subprime' is weasel talk for very high risk. The CDN mortgage bundles differed in that they had and have far fewer bad risks inside. Why? Because of the regulation in Canada around qualifying for a high ratio mortgage. Nothing has changed in either country as a result of the devastating events in 2008 . It is going to happen again, no question. -
I don't see any substantive difference between the occasional incompetence, theft and corruption of First Nations governance and the long history of same in white governments. OK, that is not accurate. The white governments are better at it, the dollar amounts are much higher, and they are btter at it since they've had so much more practice. But wait, we have to hold FN governance to higher standards because they have brown skin.
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The Big Short (3 reasons to dislike this movie)
overthere replied to August1991's topic in Arts and Culture
Yet we consistently have the of the highest standards of living in the world, notably longer lifespans than you, and a lot less people living in their cars. Life is full of tradeoffs innit?. And I did mention that "The stability comes with a price tag, but that is another topic." -
If Ontario wants to crucify drivers with costs they should study the UK. That place has mastered the art of making car owners pay for every second they own a car. It doesn't matter if you drive it, you have to pay for every minute it is at rest too.
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The best thing about this thread is the title. It predicted all that followed. The White Mans Fear. You can smell it.
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"Ancestors"? "200 years ago"? The last Residential School closed in 1996. < But everybody has healed now, all is forgiven, Indians are sorry to be so troublesome by refusing to be white, and all are prepared to meet your expectations of assimilation>
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The Big Short (3 reasons to dislike this movie)
overthere replied to August1991's topic in Arts and Culture
Wrong on both counts, but nothing new there. The Bank Act has existed since Confederation, with a few changes along the way. It has enabled and continues to enable a system that is very stable. Bank failures in Canada are infrequent, commonplace in the US. In the 2008 global crisis, Canada (and Australia) economy suffered much less than any others in the G20 and much of that was because of how the banking systems work. Harper haters should stop reading here, I do not want to create any random aneurysms in our membership here.... but Harper and Canada were noted globally for this reality, and asked for and gave advice to our allies and friends...... In fairness, Trudeau or anybody else in the PM chair could have done the same at the time. The stability comes with a price tag, but that is another topic. The issue at hand is mortgages, specifically residential mortgage regulation. Contrary to what August1891 says, every residential high ratio in Canada must clear the same group of hurdles and tests before they get the money. No exceptions. And that is why bundles of Canadian home mortgages did not default to anywhere near the same degree that they did in the US, and absolutely nothing substantive has changed in that regard in either country. The US is still a very high risk place for mortgage securities, Canada much less so. Call it a nanny state power move, but by regulating this crucial thing, the existence of the mandatory qualification regulations that August bizarrely denies saves consumers(and taxpayers) from bank greed and their own idiocy. There are ways to bypass the regs on qualifying, but they are all criminal offences and require the active participation of people like lawyers, appraisers and realtors and usually all three at the same time. The CDN banks don't get involved in committing mortgage fraud much - the high ratio loans are all insured after all, and they know the govt and insurers would withdraw their rights to participate in what is a safe, lucrative market for the bank. -
So you'll let the dirty Indians keep those hilarious hats with feathers as long as they live where and how they are told? Thanks man.
