jackh

Pension Benefit Corporation Rolls the Dice at Exactly the Wrong Time

Swap PGBC for CPP. Same story. The Canada Pension Plan who runs one of Canada's main streams of Social Security has also invested big time in order to reduce it's projected shortfall.

It almost looks as if there is a plan to run the pensions into the ground ..... or would that be greed ....... a way to tap into the piles of cash invested in/for our future.

Thoughts on the Housing Bill

The way I understand it is that the lender has to write down the value of the loan (take a loss) and set up a deal that the borrower can afford.

So.... you have a house which may still be valued at more then or near fair market and a borrower who has committed every cent he has and is likely to earn to hold onto it........

Recession, rising unemployment, why do I feel the next wave of defaults has just been delayed a few weeks.....