No (more) bailouts
Mark Carney says things are gonna change, your bank fails you go out of business. No more bailouts.
“I’m saying no bailouts,” Carney told the CBC’s George Stroumboulopoulos in a recent interview. “The objective [is] ending ‘too big to fail’.”
Carney was recently named head of the Financial Stability Board, a recently formed international agency with a mandate to oversee the international financial system. In the interview, he says the goal is to bring global rules closer to Canada’s model.
“We’re going to change the rules so the system as a whole is more resilient,” he said. “If a big global bank fails, the system goes on. [Just] that company goes away.
November 16th, 2011 at 12:40 am 1
More like: if we're going to bail out the banks, we're going to do it in a very clever way so it can never be construed as a bailout.
Like or Dislike:
0 
0
November 16th, 2011 at 1:08 am 2
Hip waders are mandatory whenever Carney speaks. Relative to population and national GDP Canada's banks are already larger than their American counterparts:
http://en.wikipedia.org/wiki/Big_Five_%28banks%29 http://www.ffiec.gov/nicpubweb/nicweb/top50form.a…
Canada's top five banks would all make America's top ten list.
Like or Dislike:
0 
0
November 16th, 2011 at 1:17 am 3
Exactly jesse…
The banks will always get bailed out. Whether their clients and customers (not to mention all the taxpayers) get the same treatment is a whole different story. Think MF Global. It's one big, massive cup and balls routine. Completely impossible to keep track of where the stack of money is at any given moment. Bankers and well connected elite are currently putting all these EU nations through the ringer right now. The whole thing just reeks…
Carney is ex-Goldman, Bilderberg
Monti is ex-Goldman, member of Bilderberg, EU chair of Trilateral Comm.
Papademos was former vp of ECB, member of Bilderberg/Trilateral
Comm.
new IMF head Christine Lagarde has connections up the wazoo
etc, etc, etc…
Like or Dislike:
0 
0
November 16th, 2011 at 1:20 am 4
"Relative to population and national GDP Canada’s banks are already larger than their American counterparts"
The other problem is all the banks are involved in the same practices. If Canada's real estate market goes bust it wont matter a whole lot if it were 5 banks or 50. They are all doing the same thing and will all feel the impact. A better idea would be to shutdown CMHC.
Like or Dislike:
0 
0
November 16th, 2011 at 1:29 am 5
I agree with all of you. I read it and thought – Oh really? I would like to see that.
Like or Dislike:
0 
0
November 16th, 2011 at 1:30 am 6
@ DEFAULT NAME
Unlikely anything will happen to CMHC. It is TBTF too.
If things get dicey, expect more back door bailouts (of the big 5) from BOC followed by a loosening of the mortgage/lending rules again. The guys in charge have already telegraphed to the market that rates are going to stay low (and maybe go lower) for the foreseeable future. Not surprised to see the RE market in prime Gr Vanc neighborhoods perk up again in recent weeks after a soft spring/summer.
Like or Dislike:
0 
0
November 16th, 2011 at 1:52 am 7
@bullwhip29: The meme in Canada has been that the Big5 banks are to be centrally controlled through OSFI, with robust profit margins to ensure that even in recessions they can still "make a go of it".
As patriotz has pointed out before, no major Canadian bank has failed in a very long time. Remember the merger talks that sprang up a few years ago?
Like or Dislike:
0 
0
November 16th, 2011 at 2:23 am 8
@jesse:
Well, one way is to just have the GOC buy mortgages from the banks. Say a nice round number like $50B. That might be one way, completely hypothetical of course, not like they'd try anything like that.
Like or Dislike:
0 
0
November 16th, 2011 at 2:45 am 9
@Troll:
The mortgages were already CMHC insured so buying them did not change the government's exposure. What matters is the total amount of government insured mortgages (both CMHC and "private" insurers) whether still owned by the lender or not.
Don't miss the forest for the trees.
Like or Dislike:
0 
0
November 16th, 2011 at 2:47 am 10
@Troll: "one way is to just have the GOC buy mortgages from the banks"
If we're only talking in the hypothetical, another way is to blanket guarantee all mortgages that may, hypothetically, lose their capital adequacy ratios at some point in the future. Such a scheme, if it existed, would never be construed as a bailout.
Like or Dislike:
0 
0
November 16th, 2011 at 3:26 am 11
a very nice fluff piece brought to you by the official government media.
they even do a little announcement promoting the new bills.
Like or Dislike:
0 
0
November 16th, 2011 at 3:30 am 12
For those of you interested in what's coming next in the global world, the new GEAB newsletter that I referred to before is available.
In their previous newsletter (October), they forecasted the failure of major financial institutions… And what happened since then? (cf MF Global)
Below is an abstract (the link to the full article is after).
“Speaking of public debt, it is time to turn to the United States. The coming weeks figure to remind the world that it is this country, not Greece, that is at the epicenter of the global systemic crisis. In one week’s time, on November 23, the Congressional “Supercommittee” in charge of reducing the US federal deficit will admit its failure to find 1,500 billion US dollars in savings over ten years. Each side is already crafting arguments that will blame the other side. As for Barack Obama, apart from his televised simpering with Nicolas Sarkozy, he now contemplates the situation passively, while noting that Congress has torn into pieces his grand jobs project introduced only 2 months ago. And it is not the utterly unrealistic announcement of a new Pacific Customs Union (excluding China) on the eve of an APEC summit where Chinese and Americans are expected to confront one another harshly, which will enhance his stature as head of state, let alone his chances for reelection.
The predictable failure of the “Supercommittee”, which reflects the overall paralysis of the US federal political system, will have an immediate and drastic consequence: a new series of credit ratings deteriorations. The Chinese agency Dagon has opened fire, confirming that it would once again lower the rating upon the failure of the “Supercommittee”. S&P will probably lower one more time the US rating, and Moody’s and Fitch will have then no other choice but to get on board, having given the US a reprieve until the end of the year under condition of effective results in terms of public deficit reduction. Incidentally, in order to dilute the flow of negative information in this regard, it is likely that there will be an attempt to reinforce the public debt crisis in Europe by lowering France’s rating in order to weaken the European Financial Stability Fund.
All of this makes for an eventful season for the financial and monetary markets, casting severe blows on Western banking systems and, beyond that, on all US T-Bond holders. But beyond the failure of the “Supercommittee” to reduce the federal deficit, the entire US pyramid of debt will be thoroughly examined, in a context of global – and of course US – recession : falling tax revenues, unemployment increases, increases in the number of unemployed no longer receiving benefits, further drops in home values, etc.”
(…)
“In terms of the amounts at stake, a quick calculation by a USreader of GEAB gives some sense of how much the “efforts” undertaken to reduce the budget deficit are ridiculous in relation to the needs : Treating the US federal budget as that of a household, things become abundantly clear. Simply remove 8 zeros for budget that comes to mean something for the average citizen:
Annual household income (income tax): + 21,700
Family expenses (federal budget): + 38,200
New credit card debt (new debt): + 16,500
Past credit card debt (federal debt): + 142,710
Budget cuts already made: – 385
Budget reduction targets of the Supercommittee (for one year): – 1,500
As can easily be seen, the Supercommitte (like Congress last August) cannot even agree to a 10% reduction … of the annual increase in federal debt.”
Stay away from the markets for a while, things are just starting to get worse.
http://www.leap2020.eu/GEAB-N-59-is-available-Glo…
Like or Dislike:
0 
0
November 16th, 2011 at 3:48 am 13
@patriotz: "What matters is the total amount of government insured mortgages"
This should include not-yet-insured mortgages too. Under the MI system banks are assuming the government/insurers will act as underwriter of last resort for low-ratio loans as well, should they become high-ratio. Carney has pointed this out before.
Like or Dislike:
0 
0
November 16th, 2011 at 3:49 am 14
@fixie guy: So you are saying, things could be worse in the u.s. Oddly, I find that reassuring.
Like or Dislike:
0 
0
November 16th, 2011 at 4:00 am 15
I almost choked on my Cheerios when I read this story this morning:
http://www.bbc.co.uk/news/world-asia-15739995
Should I be alarmed or not?
Like or Dislike:
0 
0
November 16th, 2011 at 5:18 am 16
@Patiently Waiting:
What was the US troop count in East Asia 40 odd years ago?
Tokenism.
Like or Dislike:
0 
0
November 16th, 2011 at 5:34 am 17
@Patiently Waiting "Should I be alarmed or not?"
Yup. Very soon Canadian kids would be fighting US proxy wars on Chinese doorstep. Canada like Australia are tools of US imperialistic hegemony.
Like or Dislike:
0 
0
November 16th, 2011 at 5:39 am 18
@Patiently Waiting
$15,OOO,OOO,OOO,OOOBAMA! – It's Official: Total US Debt Passes $15 Trillion today.
What do you do when your creditors think it is enough? You go to war.
Like or Dislike:
0 
0
November 16th, 2011 at 6:06 am 19
@Patiently Waiting:
Yes, you should
Like or Dislike:
0 
0
November 16th, 2011 at 6:16 am 20
@Patiently Waiting:
No, you shouldn't be alarmed.
Anything China hates is good for all of us and just listen to those assholes:
"An editorial warned it was "certain" that if "Australia uses its military bases to help the US harm Chinese interests, then Australia itself will be caught in the crossfire".
So they're threatening Australia now? Helping protect Australia is harming Chinese interests, is it?
Fuck China, it should be apparent to all by now that they're the enemy.
Like or Dislike:
0 
0
November 16th, 2011 at 6:24 am 21
@Best place on meth: Speaking of China, I sure wouldn't want to be Taiwan right now:
http://www.geek.com/articles/geek-cetera/chinas-m…
Like or Dislike:
0 
0
November 16th, 2011 at 6:27 am 22
China's real estate crash in full swing.
http://www.chinadaily.com.cn/cndy/2011-11/16/cont…
Like or Dislike:
0 
0
November 16th, 2011 at 6:34 am 23
Best place on meth: "Fuck China, it should be apparent to all by now that they’re the enemy."
Are you going to pick the guns and enlist to fight US imperialistic wars or you are only tough when you are masturbating behind the monitor?
Like or Dislike:
0 
0
November 16th, 2011 at 6:43 am 24
@Best place on meth:
"Helping protect Australia is harming Chinese interests, is it?"
Try reading the words you quoted again. Obviously they're saying that if the US uses its bases in Australia to launch attacks against Chinese interests, then those Australian facilities will be a target. The US takes the same attitude towards other countries. It's nothing to do with the defence of Australia.
Like or Dislike:
0 
0
November 16th, 2011 at 6:53 am 25
@DEFAULT NAMEe
Best place on meth has a comprehension problem even with his own quotes
Like or Dislike:
0 
0
November 16th, 2011 at 7:25 am 26
@DEFAULT NAMEe:
>>>Obviously they’re saying that if the US uses its bases in Australia to launch attacks against Chinese interests, then those Australian facilities will be a target.<<<
Obviously they (and you) are full of shit. Why do they even bring this up? What does helping Australia defend it's northern shores have to do with "attacking Chinese interests"?
You obviously missed this in the article:
"Australia approaches China with a degree of ambivalence. Beijing is Australia's biggest trading partner. But China's growing military reach is seen as at least a potential threat for the future."
That's right, China now thinks they own the whole region and they're pissed that other countries want help to defend against Chinese aggression.
Like or Dislike:
0 
0
November 16th, 2011 at 7:29 am 27
The irony is that Canada has the ultimate too big to fail banks. They have become so coddled and protected from losses that the losses have already been transferred to the tax-payer.
So if housing crashes here, expect the Canadian to have it's rating cut BEFORE the banks.
Like or Dislike:
0 
0
November 16th, 2011 at 7:30 am 28
@Best place on meth:
Anyway some friction with China would help to reduce lots of crap that we accumulated in North America over last couple od decades.
Like or Dislike:
0 
0
November 16th, 2011 at 7:43 am 29
@klipsh:
>>>Are you going to pick the guns and enlist to fight US imperialistic wars<<<
Who needs guns? Sanctions will do.
Buy nothing from them, sell nothing to them. Let them rot.
Like or Dislike:
0 
0
November 16th, 2011 at 7:50 am 30
@Best place on meth:
Cutting off your nose to spite your face. Good plan twit.
Like or Dislike:
0 
0
November 16th, 2011 at 8:03 am 31
@Troll:
As a worthless China apologist I'm sure you'd miss all the inferior and toxic products they sell us.
You'd probably also weep if we ceased ripping stuff out of the ground to ship them rather than developing a real economy.
I won't.
Like or Dislike:
0 
0
November 16th, 2011 at 8:09 am 32
Best place on meth: "Sanctions will do."
And who would impose the sanctions exactly? bankrupted Europe and US?
Like or Dislike:
0 
0
November 16th, 2011 at 8:21 am 33
@patriotz:
You're right, but buying them was a very subtle bailout to the banks in the sense that it injected them with cash which they could lend out while also transferring away all cost and hassle associated with going after a defaulted mortgage.
Like or Dislike:
0 
0
November 16th, 2011 at 8:23 am 34
@Best place on meth:
Nice trolling, I'm impressed. At least I hope you're trolling, cause you can't be that stupid.
Like or Dislike:
0 
0
November 16th, 2011 at 8:32 am 35
@Best place on meth:
"You’d probably also weep if we ceased ripping stuff out of the ground to ship them rather than developing a real economy."
If we did as you suggested the only jobs in Canada would be working as gardeners and housekeepers for the wealthy westside residents who do not need to work. I hear all they pay is table scraps for those types of jobs. You may also have to speak Chinese so you better start your lessons now in preparation for the real economy.
Like or Dislike:
0 
0
November 16th, 2011 at 9:25 am 36
@Makaya: Dude… http://www.bbc.co.uk/news/business-15768119
Like or Dislike:
0 
0
November 16th, 2011 at 9:28 am 37
@Best place on meth:
"You obviously missed this in the article"
None of the words you quote support your conclusion ("Helping protect Australia is harming Chinese interests, is it").
Try again.
Like or Dislike:
0 
0
November 16th, 2011 at 9:31 am 38
@Best place on meth:
Awww. Poor wittle baby, Best place on Meth. 2nd class citizen in own city. You didn't work hard enough in life and instead of accepting your own laziness and stupidity missing the real estate boat, it's easier to blame it on China, instead of your useless self. HAHA.
Like or Dislike:
0 
0
November 16th, 2011 at 9:50 am 39
@Best place on meth
I wonder if any West Side props will be liquidated to shore up leverage back home.
Like or Dislike:
0 
0
November 16th, 2011 at 10:39 am 40
@Haha:
Agree,if those white nut consume less grass and other harmful stuff,they had long been a house owner.Chinese are hard working and very prudent in manage their finance and that is why 80 % houses in Vancouver are owned by Chinese.
Like or Dislike:
0 
0
November 16th, 2011 at 10:41 am 41
No bailouts.
I agree.
Unless you are filthy rich like me and F$ck up
I de$erve a 2nd chance
Like or Dislike:
0 
0
November 16th, 2011 at 10:45 am 42
@DEFAULT NAMEe:
In future American aggression threating the world peace,our invicible PLA and Navy will crash those filthy yanks and Ausssie in a flash.
Like or Dislike:
0 
0
November 16th, 2011 at 11:07 am 43
I like this meth man guy.
He's got real cajones.
Even if he lives in a basement suite, and part of MK – Ultra
Like or Dislike:
0 
0
November 16th, 2011 at 11:22 am 44
New Listings 131
Price Changes 94
Sold Listings 98
TI:15523
http://www.laurenandpaul.ca
Like or Dislike:
0 
0
November 16th, 2011 at 11:28 am 45
@Best place on meth:
Every product sold in Canada past canadian health and safety regulations. As for product inferiority, if you want to pay less for a piece of crap that's capitalism plain and simple. China's been and will continue to be successful because they're giving us what you want. It may be a bitter pill for racists to swallow, so sorry for that. UK, US, Canada, Germany, etc.. and any western advanced economy have and will only continue to be successful by continuing to provide value to their trade partners.
Last time I checked, China's been relatively tame in terms of their international aggression( outside of Taiwan which -was- their territorial power prior to WW2). The same can't be said for heavy shows of force by the US throughout this century. Why not throw down on Russia for their constant and much more serious attacks against Georgia? You seem to have blinders against a set of people for WHATEVER reason and frankly it makes me sick to read it.
Like or Dislike:
0 
0
November 16th, 2011 at 11:29 am 46
Meth will not like this; mutual love affection between Canadian and Chinese leadership. Meth, No Sanctions for YOU!!!
"The government's interest and outreach towards China was duly noted last weekend when Chinese President Hu Jintao invited Harper to China for a visit next year.
"You have repeatedly stated that you attach importance to our relationship and that you hope to forge an even closer relationship with China," said Hu. "I appreciate that position."
http://ca.news.yahoo.com/tory-foreign-policy-revi…
Like or Dislike:
0 
0
November 16th, 2011 at 11:31 am 47
Are you saying EVERYONE of Chinese descent should go home?????
Like or Dislike:
0 
0
November 16th, 2011 at 11:32 am 48
#46 @Pinu: That close relationship will come in handy when they want the dirty money back.
Like or Dislike:
0 
0
November 16th, 2011 at 11:36 am 49
@RippedtoShit:
Only if the English and Irish and Scots go with them!
Not to mention the Germans and our ex-Dutch Premier Van Der-watsits and…
Like or Dislike:
0 
0
November 16th, 2011 at 11:36 am 50
@ADRA:
China sent its army into North Korea in the 50s, invaded Vietnam in the 70s, built up its forces against Taiwan throughout the 80s and 90s and this decade, have had increasingly aggressive territorial standoffs with Vietnam, Japan and the Philippines. (They took a breather in the 60s because they were too busy waging war against their own people).
They are now spending heavily on a blue water navy. More fun to come.
Like or Dislike:
0 
0
November 16th, 2011 at 11:44 am 51
I'm hearing talk of a 50% correction in prices on the westside of Vancouver, folks are saying that the offshore chinese buying has slowed to a trickle and we may see some repatriation of monies start soon and in earnest – can anyone confirm or deny this?
Like or Dislike:
0 
0
November 16th, 2011 at 11:47 am 52
@chip
"China sent its army into North Korea in the 50s, invaded Vietnam in the 70s"
of course chip aka US apologist forgot to mention that China's moves were response to US invasion of both countries that are located on their borders. It's like US would not be crossing Rio Grande while Chinese Navy is docking in Acapulco.
Like or Dislike:
0 
0
November 16th, 2011 at 11:49 am 53
@RippedtoShit:
I can't say for sure, but it looks like the wind is blowing in a new direction… which is Toronto. Their SFH market seems to be growing quite aggressively. Maybe outside buyers finally realized that there were tastier fruit on other trees?
Like or Dislike:
0 
0
November 16th, 2011 at 12:01 pm 54
@ADRA:
Another scumbag apologist for the lying, cheating, thieving totalitarian shithole – you must have loved the Soviet Union too.
And you just had to make a racial issue didn't you, fuckwit?
Like or Dislike:
0 
0
November 16th, 2011 at 12:02 pm 55
Why doesn't Britain make things any more? http://www.guardian.co.uk/business/2011/nov/16/wh…
"Yet there's ample evidence that the promised rewards of this post-industrial future haven't materialised. What was sold as economic modernisation has led to industrial decay, with too often nothing to replace it."
Like or Dislike:
0 
0
November 16th, 2011 at 12:07 pm 56
RippedtoShit –
I heard the same except about West Van. Heard from one of the top West Van realtors.
Says that Chinese buyers "vanished" as of Sept 30th.
Like or Dislike:
0 
0
November 16th, 2011 at 12:22 pm 57
Van Coffee,
I kid you not, I have heard similar, from some very well connected folks in the industry (investor/owners and realtards). They say it's like the chinese "just vanished" in the past mont or so….seriously!!!
That said, the market does not appear to have imploded, so the changes are more anecdotal than statistical….
Chinese real estate is taking its lumps, perhaps the real estate mania is being cooled in China and now is impacting here?
Loads of Americans I know who are smart/global/financial oriented look at Canada's housing market and shake their heads, perhaps the concept of valuation is starting to ring amongst the neveau riche in China who realize that they made their money through corruption and good luck, why buy assets that are clearly massively overvalued just because you can….
I also hear that the Chinese are buying in the UK…
Toronto vs. Vancouver – well, perhaps the first round of kids that graduated from st. georges and UBC (with no social skills, but they can play piano and use a calculator well) are finding that the jobs are not here, so Toronto is the place to go?
I dunno, just pondering…
Has the crash started?
Like or Dislike:
0 
0
November 16th, 2011 at 12:28 pm 58
@RippedtoShit: Hey thanks for turning the focus back to real estate. I keep meaning to post on this same topic but have been out of town on business the last few weeks.
There are at least 7 houses within a stone's throw from my house that have been for sale since the summer and have failed to sell. One was de-listed this week. Only a couple have sold this past summer/fall and both were 'tear-downs' listed north of $1.5MM It seems that the houses selling in the $2-4MM range in my neighborhood are not selling. For this reason I am slightly surprised by the relatively stable sales numbers over the last few months, these sales certainly aren't coming from my neck of the woods. Simply put, the high end stuff is just not moving, nor has it been in my area since late spring/early summer.
This is why I asked the question some time ago if crashes begin at the top end or bottom end of the market? Anyone have any suggestions? BTW the people buying the tear downs in neighborhood are invariably developers (Chinese and white alike) At some point they'll be forced to pay less for the tear downs because the stuff at the top isn't moving – any theories out there?
Just thought I'd put my two bits in, but I have definitely noticed a change in the air since the summer, even if it hasn't materialized in a drastic reduction in sales yet.
Like or Dislike:
0 
0
November 16th, 2011 at 12:31 pm 59
@Best place on meth:
"That's right, China now thinks they own the whole region"
Get a grip. Consider for a moment which Asian countries the US has military installations in (South Korea, Japan, Philippines, Indonesia, Singapore, Malaysia, and Thailand) and then rethink what you just said.
Like or Dislike:
0 
0
November 16th, 2011 at 12:35 pm 60
@Best place on meth:
"And you just had to make a racial issue didn’t you, fuckwit?"
You make a racial issue out of it every time you open your mouth. You just can't stand the Chinese being more successful than you.
Like or Dislike:
0 
0
November 16th, 2011 at 12:41 pm 61
As you know, via the Bilderbergs, Canada is the 51 st state.
We will soon take over, and sell off the useless Maritimes and Quebec. We may allow scullboy, aka Ricky Shroeder, to emigrate
Ontario will be our bitch.
Like or Dislike:
0 
0
November 16th, 2011 at 12:43 pm 62
@jesse: lol
Jesse, did you catch this one?
Awesome interview of Kyle Bass on Hard Talk…
http://www.youtube.com/watch?v=K-F_QF1XTXI&fe…
Like or Dislike:
0 
0
November 16th, 2011 at 12:45 pm 63
@Makaya: from the interview:
"Capitalism without bankruptcy is like Christianity without hell"
Something our leaders should think about…
Like or Dislike:
0 
0
November 16th, 2011 at 12:47 pm 64
Chopper,
Thanks, yet another anecdotal confirmation….I too am surprised that we are not seeing this in the data….fruck! But I think its on its way.
Also, given the peak in prices in the spring, the year over year numbers should trend down over the coming months and with some luck (or reality finally rearing it's beautiful head) we will be year over year negative in spring, that will take the spunk out of the market.
Default, this may be because they have more money than most of us, but when I see these new chinese I feel that they are likely just lucky scum bats who raped and pillaged their loot, and they don't seem connected at all to canada…this is of course a generalization, but it is a feeling shared by many….maybe I'm just jealous, as they don't have to buy the extra large condoms like I do, so their cost of living is lower and they can afford more real estate than me, who knows….the mind is a complex organism…
Like or Dislike:
0 
0
November 16th, 2011 at 12:47 pm 65
@DEFAULT NAMEe:
>>>Consider for a moment which Asian countries the US has military installations in (South Korea, Japan, Philippines, Indonesia, Singapore, Malaysia, and Thailand)<<<
Are they there by force?
Now how about China in Tibet?
Like or Dislike:
0 
0
November 16th, 2011 at 1:03 pm 66
@DEFAULT NAME:
I'm Chinese (but mostly Canadian) and I do not find BPOM a racist. I actually enjoy his rant on the HAM.
The ones that he talks about are the selfish, often rich, many corrupted and mostly arrogant HAM that takes advantages of our lax policies while not appreciating the privilege of being Canadian (or simply being in Canada). Often, they don't care for the Canadian culture, refuse to learn English (well, maybe enough to say 'I buy' or 'no tax'), spits (and makes sure you hear it) at the local community center pool, overpays for anything with 8's on it, or buys their 17 year old a Lambo for earning his Piano certificate.
Do I want these locusts outta here? You betcha. Racist? I don't think so.
Like or Dislike:
0 
0
November 16th, 2011 at 1:07 pm 67
So, I guess with all the nut-job postings the last few days, once again, local Realturd professionals are looking for something to occupy their valuable time. Come on guys! Isn't it about time to rent a hot air balloon and fly a bunch of curious looking fellows over the city? Where's the creativity?
Like or Dislike:
0 
0
November 16th, 2011 at 1:09 pm 68
@Best place on meth:
"Now how about China in Tibet?"
Ah, so when you said "the whole region" you actually meant Tibet. I see.
Like or Dislike:
0 
0
November 16th, 2011 at 1:25 pm 69
@Makaya: "“Capitalism without bankruptcy is like Christianity without hell”
Something our leaders should think about…"
You're on fire today.
Like or Dislike:
0 
0
November 16th, 2011 at 1:27 pm 70
@Jack:
The US invaded Korea in the sense that the communist North invaded the South, the UN authorized a defense of the South and the US was one of many participants in the UN defense. As for Vietnam, China invaded communist Vietnam after the US left.
Other than that, you're spot on!
Like or Dislike:
0 
0
November 16th, 2011 at 1:28 pm 71
"Ah, so when you said “the whole region” you actually meant Tibet. I see."
however did you get to that conclusion? that's some weird logic there.
Like or Dislike:
0 
0
November 16th, 2011 at 1:29 pm 72
@specialfx3000:
"I’m Chinese (but mostly Canadian) and I do not find BPOM a racist."
Your "the enemy" buddy.
Like or Dislike:
0 
0
November 16th, 2011 at 1:44 pm 73
@specialfx3000:
"Do I want these locusts outta here? You betcha. Racist? I don’t think so."
I think you should look over some of the posts in this thread another time. There are sure some rich jet-set rich spoiled rotten brats that come from China, the middle east, Europe, the US, and hell we have our own home grown set of spoiled little idiots that cause their own problems, but the fact that you or anyone else is singling out a SINGLE ethnic group's spoiled little ass holes is in fact racist, if you're Chinese decent or not, I could care less.
Why exactly is everyone from Mainland china a lying thieving scumbag pit of the earth? I just don't get it. Sure, you have your billionaire cheats, but once again, EVERY nation has their Ponzi's, Drug Cartels, Corrupt politicians, rackets, and rampant crime problems.
http://en.wikipedia.org/wiki/Corruption_Perceptio…
Hell, China's no angel, but its far from horrible. Although just a perception, how can you truly quantify this number!
I've work along side quite a few people from China over the years, and I'd say the substantial majority are hard working solid people to work with. You can read the stats (I can't find a link now…) that they work quite a bit more than any of the western peers, and although their net productivity and automation aren't as strong as many other western nations, it is improving.
Like or Dislike:
0 
0
November 16th, 2011 at 2:09 pm 74
@DEFAULT NAME:
"however did you get to that conclusion? that’s some weird logic there."
Pointing to China's presence in Tibet in no way backs up his original assertion that "China thinks they own the whole region" (Asia). But even that claim was based on an invalid interpretation of their statement surrounding the US stationing themselves in Australia. He just likes having a dig at China, that's all. Like how he thinks it's China's fault that western consumers demand product cheaper than what can be locally produced even if it's of lower quality.
Like or Dislike:
0 
0
November 16th, 2011 at 2:10 pm 75
B-Mom
good monkirer lewinsky meth man
Like or Dislike:
0 
0
November 16th, 2011 at 2:16 pm 76
Just for shits and giggles I just calculated what it would take to match my monthly outlay if I bought the place I am renting. If I put down $96k and took on a 35 year mortgage, I could have the pleasure of owning the property (and the cost of maintaining it) that I am currently accustomed to. Then when I turn 75 I would be completely debt free, yahoo!
Like or Dislike:
0 
0
November 19th, 2011 at 6:01 am 77
[...] crashes begin at the top end or bottom end of the market?” – chopper at vancouvercondo.info November 16th, 2011 at 8:28 pm Share:TwitterFacebookRedditStumbleUponDiggLike this:LikeBe the first to like this post. This [...]
Like or Dislike:
0 
0
November 19th, 2011 at 12:56 pm 78
[...] “I have definitely noticed a change in the air since the summer, even if it hasn’t materialized in a drastic reduction in sales yet. There are at least 7 houses within a stone’s throw from my house that have been for sale since the summer and have failed to sell. One was de-listed this week. Only a couple have sold this past summer/fall and both were ‘tear-downs’ listed north of $1.5MM It seems that the houses selling in the $2-4MM range in my neighborhood are not selling. For this reason I am slightly surprised by the relatively stable sales numbers over the last few months, these sales certainly aren’t coming from my neck of the woods. Simply put, the high end stuff is just not moving, nor has it been in my area since late spring/early summer. Do crashes begin at the top end or bottom end of the market?” – chopper at vancouvercondo.info November 16th, 2011 at 8:28 pm [...]
Like or Dislike:
0 
0