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“Canada Hasn’t Seen A Bank Run Such As This In Decades” – Finance Minister Says Home Capital Bailout Is Possible

“Canada Hasn’t Seen A Bank Run Such As This In Decades” – Finance Minister Says Home Capital Bailout Is Possible When we first said three weeks ago that the spectacular, sudden implosion of Canada’s largest alt-lender Home Capital Group or HCG – whose fate we had followed closely since 2015 – was Canada’s own “New […]

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Home Capital scandal may presage a slowdown: Don Pittis

Home Capital scandal may presage a slowdown: Don Pittis Is false income data a symptom of an industry that has run its course? Could the scandal at Home Capital just be the beginning? The Canadian alternative mortgage company halted its shares after it was revealed that some of its brokers had been falsifying information on the income of […]

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Liar Loans Pop up in Canada’s Magnificent Housing Bubble

Liar Loans Pop up in Canada’s Magnificent Housing Bubble For a long time, the conservative mortgage lending standards in Canada, including a slew of new ones since 2008, have been touted as one of the reasons why Canada’s magnificent housing bubble, when it implodes, will not take down the financial system, unlike the US housing […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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