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Old 11-18-2008, 07:11 PM
trent trent is offline
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Join Date: Jun 2008
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I guess getting a mortgage in Canada is not as easier as it was just a few months back. The Canadian government is purchasing $50 billion worth of mortgages to help the financial sector and banks. With the Canadian economy already in recession, the government is desperately trying to stimulate banks to lend and to keep over-indebted Canadian consumers borrowing and spending.

Irresponsible lending and borrowing caused the financial and economic problems we face today, and the government geniuses are offering us the same medicine that caused the illness. Will they ever learn?
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