[Thanos]

[shockedcanadian]

Thanos Thanos:

If he says that the CBC is honest, upfront, neutral, and truthful then it's the clearest sign yet that he's been pulling some kind of troll-job since he came here.

I was stating it tongue in cheek.

Regardless, simply because a speaker who understands an issue well is on CBC that shouldn't automatically destroy their credibility. Especially in the case when this lawyer is stating something which is contrary to the party line.

[Lemmy]

shockedcanadian shockedcanadian:

Open up and deregulate the banking industry

What was it that saved Canada, economically, during the sub-prime meltdown in 2007? I forget.

[2Cdo]

Lemmy Lemmy:

shockedcanadian shockedcanadian:

Open up and deregulate the banking industry

What was it that saved Canada, economically, during the sub-prime meltdown in 2007? I forget.

You're asking him?

He can't remember what he had for breakfast this morning.

[shockedcanadian]

Lemmy Lemmy:

shockedcanadian shockedcanadian:

Open up and deregulate the banking industry

What was it that saved Canada, economically, during the sub-prime meltdown in 2007? I forget.

There is a difference between regulations to protect investors and taxpayers from fraud and abuses, and regulations to limit competition just to protect a small number of businesses (unfairly I might add). If you or I had $100 billion today and wanted to open up one single branch at a bank it wouldn't be allowed. That is unacceptable.

If consumers had, say 100 choices for banks instead of the small amount we currently have, all with certain commitments to maintain basic obligations, banks would still make hand over fist (though less earnings per share I would imagine unless they improved their game) and most importantly consumers would have options.

I find it ironic how keen some are to push regulations on banks, but little interest in regulations on credit card interest rates. We had Flaherty (R.I.P) who was apparently a Conservative economist who personally called the CEO of BMO to encourage him to NOT offer a special mortgage rate to his best customers. It flies in the face of the most basic, free market principles. It placed BMO at a disadvantage and signalled to the world that Canada is not a free market. Government should NOT be interfering in the free market to that extent, just look at Ontario.

To me I say open up the markets. In the end consumers will always win and so will employees. The losers will be those banks who aren't creative or who don't build strong goodwill in their businesses.

[Lemmy]

You don't know what you're talking about.

[2Cdo]

Lemmy Lemmy:

You don't know what you're talking about.

See, we can agree on some things.

[Lemmy]

2Cdo 2Cdo:

See, we can agree on some things.

We agree on lots of things. There are also times when you're wrong.

[2Cdo]

Lemmy Lemmy:

2Cdo 2Cdo:

See, we can agree on some things.

We agree on lots of things. There are also times when you're wrong.

I've been wrong twice in my life. Re-joining the military and the day I got married!

I hope the wife doesn't see this.

[Thanos]

Lemmy Lemmy:

You don't know what you're talking about.

He read a couple of those joke books by Art Laffer, Ivan Boesky, or some of the other thieving bastards that struck it rich under Reagan and he thinks it applies to all of the financial sector. There's a limit on how long that kind of gullibility remains, shall we say, cute.

[shockedcanadian]

Thanos Thanos:

Lemmy Lemmy:

You don't know what you're talking about.

He read a couple of those joke books by Art Laffer, Ivan Boesky, or some of the other thieving bastards that struck it rich under Reagan and he thinks it applies to all of the financial sector. There's a limit on how long that kind of gullibility remains, shall we say, cute.

Some of you need to stop pretending to be Conservatives, it gives the title a bad name. If banks don't want to complete and if Canada doesn't allow competition, you will see that other countries will get the hint, "Canada is a protectionist country". Conservatives like free markets, socialists and communists don't.

You can set up strict policies and requirements for all banks before they can offer a mortgage, and more importantly before CMHC taxpayer funded support kicks in, that is protecting investors and taxpayers. There should be little to no restrictions on who can compete in this space. The reasons for this defy free market policies and hark back to the false narrative we sell to other nations but don't embrace ourselves.

You know who to blame for this.

[Thanos]

I`m not a conservative. Conservatism is a lap-dog ideology that worships the wealthy globalist elite in order to get a few morsels and treats thrown it`s way as a reward for being the good little subservient pets that they are. I`m a nationalist, and I have no patience anymore for the greedy financial sector fucks that raped our countries to death and deliberately harmed as many of our people as they possible could. I only want to live long enough to be around to see the day arrive where they all get what they deserve.

[DrCaleb]

shockedcanadian shockedcanadian:

Conservatives like free markets, socialists and communists don't.

You can set up strict policies and requirements for all banks before they can offer a mortgage, and more importantly before CMHC taxpayer funded support kicks in, that is protecting investors and taxpayers. There should be little to no restrictions on who can compete in this space. The reasons for this defy free market policies and hark back to the false narrative we sell to other nations but don't embrace ourselves.

You know who to blame for this.

Sooo, "strict policies and requirements" on mortgages is that socialist or communist? Oh, wait, those are the anti-conservative restrictions on a 'free' market. But in the sentence before that, you claimed Conservatives like free markets? So that makes you a ____________

[2Cdo]

DrCaleb DrCaleb:

shockedcanadian shockedcanadian:

Conservatives like free markets, socialists and communists don't.

You can set up strict policies and requirements for all banks before they can offer a mortgage, and more importantly before CMHC taxpayer funded support kicks in, that is protecting investors and taxpayers. There should be little to no restrictions on who can compete in this space. The reasons for this defy free market policies and hark back to the false narrative we sell to other nations but don't embrace ourselves.

You know who to blame for this.

Sooo, "strict policies and requirements" on mortgages is that socialist or communist? Oh, wait, those are the anti-conservative restrictions on a 'free' market. But in the sentence before that, you claimed Conservatives like free markets? So that makes you a ____________

I know the answer, is it "fucking idiot"?

[Thanos]

Anarcho-capitalist conservatism is as overdue to get tossed into history's dustbin as political correctness/cultural Marxism is. One is a license to rape & pillage entire countries issued by bought-off politicians, the other is death by a infestation of parasites. Both are unfit for any humans who have even the slightest bit of pride in heritage, culture, and nation.