RE:RE:RE:RE:Daytraders in here nowDo people think that HCG is the only place people streched their true income levels to? That this issue wouldnt be found in EVERY OTHER BANKS books? This is just plain silly. Again.... this issue is DIRECTLY related to the avenues these types of banks have to use to back their mortgage portfolio since the changes to mortgage rules in canada.
This is a run at the bank to forace HCG to hace to sell its assests to the Big Banks at a discount. If the books wernt sound do you guys HONESTLY think the OPP would have jumped in with a line of credit? Could you imagine if the LOC was maxed out then the company went bankrupt? 2.5B in ontario pensions gone? Gimme a break