RE: stupid CIBC"I guess because the Canadian government was insuring these mortgages, they could move they risk to all Canadians."
Yes they should have known better, but they did not make the rules. The Government put up the speed limit and the banks drove it. How many people drive 100 km on a highway marked 110km? (and the government insured them at that speed!)
And those who think they can drive slower make a mess of highway driving.