Shadow Banking Implies Ominous Final Outcome
Last we I talked about Liar Loans this week it's Shadow Banking. Both phrases imply seedy and dubious activities in the financial markets but shadow banking potentially foreshadows financial upheaval on a massive scale. What is “Shadow Banking”?
“According to the Bank of Canada, Canadian shadow bankers primarily engage in certain types of ...
What are liar loans? Basically these are loans given to home buyers, car buyers etc who, in order to qualify for a loan, it's necessary that someone deliberately lie about their income, assets, other outstanding loans, or other qualifying questions on the loan application. So either the lender or the borrow are lying or both.
Here in Canada, we've always thought that this was something that those unscrupulous Americans would do which lead to the the World Financial Crisis in 2008. However, the fact...
Apparently both the Liberal and NDP parties agree on something; taxes are good!
Neither party could run a government without the substantial inflow of this
insidious property transfer tax (PTT) that in Canada only British Columbians pay.
This tax was instigated by Bill Vander Zalm and his Social Credit
party back in 1987 - thanks a lot Bill. At the time the average Vancouver home cost
just $150,000. The PTT was changed recently to bring in even more
revenue to the provincial...
Duplicity of the B.C. Provincial Government ~ Anyone Surprised!
Quick, fake a gasp.
Why does it seem like the average middle class tax paying citizen always gets shafted by the very governments that promise to offer tax relief to make our lives less burdensome? Articles in the Vancouver Sun highlight the duplicity of government and how they just can't be trusted.
According to the Vancouver Sun:
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