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Saturday, December 13, 2008

Things that make you say "Hmmm" 

From the Globe and Mail story globeandmail.com: How high-risk mortgages crept north:
Former Triad chief executive officer Mark Tonnesen, who spearheaded his company's aborted push into Canada, said the proliferation of high-risk mortgages could have been mitigated if Ottawa had been more watchful.
Yeah -- or if all those trustworthy, mature, serious, self-regulating, responsible mortgage companies hadn't been so stupid and irresponsible and greedy!
Of course, everything that goes wrong is always the government's fault, isn't it, because private business is practically perfect in every way and all those dumb civil servants can't manage their way out of a paper bag and nobody ever would have believed....
Oh, I guess I need another cup of coffee...

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