mortgage-gateIt really is too bad that the Cdn banks could get dragged down by what's happening in the US. Truth is that in the longer term there have to be consequences with a freeze on foreclosure. How many dead money mortgages are there out there now? How many deliquent mortgagees are living in their homes mortgage free at the expense of US banks (and some with Cdn owners). We haven't had a sustained drop in the markets yet and it's almost the end of Oct. My call is that it starts this week.