RE:RE:RE:The truth is out there...The author must have good reviews and praised because of his balanced approach... From referred article: Stephen Poloz In May at the Group of Seven meeting of finance ministers and central bankers in Bari, Italy, Stephen Poloz, Governor of the Bank of Canada, tried to clear up doubt about Canada's mortgage lending practices, including the crash ("run on the bank") of Home Capital. "Wed be looking for signs that there are problems with the [financial] system as opposed to preoccupying ourselves with individual institutions...the question would be: What caused this? Is it something unique to the institution itself, or is it something in the system? I think this situation [Home Capital] is pretty clear on that; its idiosyncratic. Benjamin Tal And then also in May of this year, Benjamin Tal, Deputy Chief Economist at Canadian Imperial Bank of Commerce (CIBC), said Its clear that the Home Capital situation is not the ultimate test of Canadian housing. The situation is contained and the quality of the assets is solid. Any reference to that reality from the [central] bank will carry a lot of weight. Evan Siddall And finally, meeting with reporters at the start of June, Evan Siddall, Chief Executive Officer, CMHC said We dont think this is a pervasive problem in Canada...it is a discrete issue...the quality of the portfolio remains quite high. There is no specific concerns really in that portfolio or any part of our business. We have a robust fraud mitigation system in place and its working.
Tater78 wrote: No name? His last book is 11th best selling investing book on Amazon.ca and a ton of positive reviews on Amazon and by press. You can disagree with the conclusion, but to pretend the author isn't more qualified than you, is just dumb.
WBuffett1 wrote: Some no name book author trying to sell their books by spewing BS is now considered "truth"? You have reached to a new low MrSilbergleit.