Army Guy Posted Thursday at 02:46 AM Report Posted Thursday at 02:46 AM (edited) yes we are going to use tax payers money and buy out the bankers and condo owners then convert all of them in to low income housing.....Does it really have anything to do with low income housing....no it has to do with the buy out to bankers....My only question here is how does a banker think this is a good idea....how does a liberal voter think this is a good idea.... https://www.youtube.com/shorts/-eadbklK1bg Edited Thursday at 02:49 AM by Army Guy Quote We, the willing, led by the unknowing, are doing the impossible for the ungrateful. We have now done so much for so long with so little, we are now capable of doing anything with nothing.
eyeball Posted Thursday at 03:12 AM Report Posted Thursday at 03:12 AM 25 minutes ago, Army Guy said: My only question here is how does a banker think this is a good idea....how does a liberal voter think this is a good idea.... I can't speak for Liberal voters but as a lefty it seems to me the Conservatives complain like Dippers but sympathize like Liberals. During the 2008 global financial crisis, the federal Conservative government under Prime Minister Stephen Harper launched the Insured Mortgage Purchase Program (IMPP).The Action: Through the Canada Mortgage and Housing Corporation (CMHC), the government bought up to $69 billion in bank-held, insured mortgage pools. This injected massive amounts of emergency cash directly into Canada's largest banks. https://www.canada.ca/en/news/archive/2008/10/government-canada-responds-global-financial-turmoil-support-canadian-credit-markets.html 1 Quote I said now watch what you say they'll be calling you a radical, a liberal, oh fanatical criminal
Legato Posted Thursday at 01:30 PM Report Posted Thursday at 01:30 PM 10 hours ago, eyeball said: I can't speak for Liberal voters but as a lefty it seems to me the Conservatives complain like Dippers but sympathize like Liberals. During the 2008 global financial crisis, the federal Conservative government under Prime Minister Stephen Harper launched the Insured Mortgage Purchase Program (IMPP).The Action: Through the Canada Mortgage and Housing Corporation (CMHC), the government bought up to $69 billion in bank-held, insured mortgage pools. This injected massive amounts of emergency cash directly into Canada's largest banks. https://www.canada.ca/en/news/archive/2008/10/government-canada-responds-global-financial-turmoil-support-canadian-credit-markets.html There being a single salient point. "During the 2008 global financial crisis" What we have today is the 2026 Carney Liberal crisis. Caused by the Liberals and being payed for by you and me. 1 Quote
eyeball Posted Thursday at 03:23 PM Report Posted Thursday at 03:23 PM 1 hour ago, Legato said: There being a single salient point. "During the 2008 global financial crisis" What we have today is the 2026 Carney Liberal crisis. Caused by the Liberals and being payed for by you and me. Nearly 40% of the world’s population—approximately 3 billion people—currently lack access to secure, safe, and adequate housing. You're saying Carney caused this global housing crisis? No, this is being caused by the fact there are too few resources and too many people in the world. Quote I said now watch what you say they'll be calling you a radical, a liberal, oh fanatical criminal
Army Guy Posted Thursday at 11:35 PM Author Report Posted Thursday at 11:35 PM 20 hours ago, eyeball said: I can't speak for Liberal voters but as a lefty it seems to me the Conservatives complain like Dippers but sympathize like Liberals. During the 2008 global financial crisis, the federal Conservative government under Prime Minister Stephen Harper launched the Insured Mortgage Purchase Program (IMPP).The Action: Through the Canada Mortgage and Housing Corporation (CMHC), the government bought up to $69 billion in bank-held, insured mortgage pools. This injected massive amounts of emergency cash directly into Canada's largest banks. https://www.canada.ca/en/news/archive/2008/10/government-canada-responds-global-financial-turmoil-support-canadian-credit-markets.html Not even close to the same thing are the banks in trouble here, they are producing record profit margins....this is about buying up others bad decisions, has the government every offer to buy out your mortgage...Never....so why buy out these because they will lose money on this bad investments, or ill timed anyways , in a time when the market did not support their decision..... Quote We, the willing, led by the unknowing, are doing the impossible for the ungrateful. We have now done so much for so long with so little, we are now capable of doing anything with nothing.
Army Guy Posted Thursday at 11:42 PM Author Report Posted Thursday at 11:42 PM 8 hours ago, eyeball said: Nearly 40% of the world’s population—approximately 3 billion people—currently lack access to secure, safe, and adequate housing. You're saying Carney caused this global housing crisis? No, this is being caused by the fact there are too few resources and too many people in the world. Point to liberal policies that have prevented or reduced the risk in the housing market....we seen this crises coming years ago and did nothing....anything would be better than how the liberals responded...And while carney is trying to do something about it, he is up to his neck in sh!t ,Justin's mismanagement, and royal screw ups...i guess the budget does not balance itself...sound like a good song for Katie parry to write... Quote We, the willing, led by the unknowing, are doing the impossible for the ungrateful. We have now done so much for so long with so little, we are now capable of doing anything with nothing.
eyeball Posted Thursday at 11:54 PM Report Posted Thursday at 11:54 PM 14 minutes ago, Army Guy said: Not even close to the same thing are the banks in trouble here, they are producing record profit margins... Then it couldn't be better timing if banks are flush enough to take the hit of condo speculators that leveraged bank loans to invest in empty condo developments. 17 minutes ago, Army Guy said: so why buy out these because they will lose money on this bad investments, or ill timed anyways , in a time when the market did not support their decision..... Don't ask me, I don't support it any more than you do. All I said was the Conservatives complain like Dippers but sympathize like Liberals. Perhaps you just have me confused with right wingers. Quote I said now watch what you say they'll be calling you a radical, a liberal, oh fanatical criminal
CdnFox Posted yesterday at 12:35 AM Report Posted yesterday at 12:35 AM 21 hours ago, eyeball said: I can't speak for Liberal voters but as a lefty it seems to me the Conservatives complain like Dippers but sympathize like Liberals. Can't speak for other liberal voters and supporters you mean We know you support the liberals buddy you hear every freaking day defending the hell out of them Quote During the 2008 global financial crisis, the federal Conservative government under Prime Minister Stephen Harper launched the Insured Mortgage Purchase Program (IMPP).The Action: Through the Canada Mortgage and Housing Corporation (CMHC), the government bought up to $69 billion in bank-held, insured mortgage pools. This injected massive amounts of emergency cash directly into Canada's largest banks. https://www.canada.ca/en/news/archive/2008/10/government-canada-responds-global-financial-turmoil-support-canadian-credit-markets.html How is that got anything to do with the subject at hand? Harper bought perfectly good mortgages that were healthy from the banks in order to give the bank some money. There was no bailout, he just said the cmhc is already ensuring these mortgages and the mortgages aren't in default, so we'll buy them and that gives the bank cash. The people who had the mortgages continued to pay the mortgages and the government actually made money off of this. There was no bailout, this actually made taxpayers cash. They put money in taxpayers pockets through the government. You understand the difference between something that cost money and something that makes money? When the financial situation was good he sold them back to the banks. Canada profited office didn't cost a nickel Quote "That which doesn't kill me... Had better start running."
eyeball Posted yesterday at 01:57 AM Report Posted yesterday at 01:57 AM 1 hour ago, CdnFox said: Can't speak for other liberal voters and supporters you mean We know you support the liberals buddy you hear every freaking day defending the hell out of them LMAO! 1 hour ago, CdnFox said: How is that got anything to do with the subject at hand? Simply that governments give out oodles of cash to protect investors and that a bunch of this will end up in bankers hands. 1 hour ago, CdnFox said: You understand the difference between something that cost money and something that makes money? Sure, speaking of which, who's going to be on the hook for converting these condos into livable apartments? Quote I said now watch what you say they'll be calling you a radical, a liberal, oh fanatical criminal
CdnFox Posted yesterday at 03:09 AM Report Posted yesterday at 03:09 AM 45 minutes ago, eyeball said: LMAO! I accept your surrender 45 minutes ago, eyeball said: Simply that governments give out oodles of cash to protect investors and that a bunch of this will end up in bankers hands. The government didn't give out a nickel in Harper's case. He bought valuable assets and the bank used the money they made selling those assets to give loans to people so that they could buy cars and run their businesses. No oodles involved You really don't understand this stuff do you 45 minutes ago, eyeball said: Sure, speaking of which, who's going to be on the hook for converting these condos into livable apartments? The NDP for the most part which is I understand who's spending the majority of the money. Possibly a little bit from the other light left-wing party the liberals. All the parties you like. The people you voted for are bailing out billionaire investors and as a result poor people will not get the services they need because there will be no money 1 Quote "That which doesn't kill me... Had better start running."
eyeball Posted yesterday at 05:13 AM Report Posted yesterday at 05:13 AM 2 hours ago, CdnFox said: The people you voted for are bailing out billionaire investors Nope. Quote I said now watch what you say they'll be calling you a radical, a liberal, oh fanatical criminal
CdnFox Posted yesterday at 02:08 PM Report Posted yesterday at 02:08 PM 8 hours ago, eyeball said: Nope. LOL oh dear, now you're just repeating yourself across multiple threads because you can't cope with the truth well you're tougher to mentally break than exflyer but every now and then it seems i manage to snap that little mind of yours: LOL loving it g'head, say "nope" again. Quote "That which doesn't kill me... Had better start running."
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