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(Metronews.ca)   Carney blows whistle on bad banks, offers three ring tosses for a buck   (metronews.ca) divider line 49
    More: Interesting, bad bank, ring toss  
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8012 clicks; posted to Business » on 09 Aug 2012 at 2:43 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



49 Comments   (+0 »)
   
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2012-08-09 11:49:33 AM  
Oh I am understanding the headline of this. You are making the reference to Carnie Wilson of the Wilson Phillips Trio who was the fat one of this group and you are making the suggestion that she would like to eat the doughnuts! And since this person named Jay Carney has the similar name you are making this analogy upon which the banks are like police officers in that they are not always needed and many are bad apples and you are suggesting the police officers enjoy the doughnuts. What the creative headline of this. You just need to hold on for one more day. Just hold on.
 
2012-08-09 12:22:06 PM  
No, he's making fun of Carnies.
 
2012-08-09 02:06:10 PM  

Fo Shiz: No, he's making fun of Carnies.


yes, she's fat, but i don't think that mean's she's more than one carnie. stop being fatist.
 
2012-08-09 02:17:58 PM  

thomps: Fo Shiz: No, he's making fun of Carnies.

yes, she's fat, but i don't think that mean's she's more than one carnie. stop being fatist.


This is what I was thinking. How rude to say she is not just one person. Unless he knows of the other famous Carnies upon which thomps and the meow said the dog of me are forgetting in which case I apologize but I believe that he is very much referring to Carnie Wilson.
 
2012-08-09 02:33:14 PM  
4.bp.blogspot.com
//came over from an older Fark Carny thread....
 
2012-08-09 02:36:24 PM  
*sigh*
I'm just going to hang back and wait for the liters to join in.
 
2012-08-09 02:39:49 PM  

Fo Shiz: *sigh*
I'm just going to hang back and wait for the liters to join in.


yeah, liters f*cking hate fat people and hate nepotism even more, so they'll really join in on your carney wilson bashing.
 
2012-08-09 02:49:55 PM  
I did not. Oh.
 
2012-08-09 02:51:18 PM  
How can we trust someone with small hands who smells of cabbage?
 
2012-08-09 02:51:29 PM  
Aw geez, not this sh*t again.
 
2012-08-09 02:55:42 PM  
Who else pictured a scruffy looking guy walking into a bank's lobby and shouting "Hey Rube!"?
 
2012-08-09 02:59:08 PM  

Fo Shiz: //came over from an older Fark Carny thread....


Sadly, I'd do him....

My ex was a carny, and i love david spade in an unnatural way...
 
2012-08-09 03:03:37 PM  
i2.listal.com


Also...

www.carnyamericanaonthemidway.com

Sure that ride is safe! I is a master mechanical


/That meth ain't gonna smoke it's self ya know
 
2012-08-09 03:05:34 PM  
What 2008 crisis, eh?

My understanding was that Canadian banks had actual regulations, and didn't take the same beatings that US, UK, Icelandic, etc. banks took at the time. I poked around, but didn't see any good way to switch to a Canadian bank while living south of the Mason Dixon line. Any sufficiently Northern farkers have any real details?
 
2012-08-09 03:06:14 PM  
Carny whores will eat anything.

www.carnyamericanaonthemidway.com
 
2012-08-09 03:06:27 PM  
Yes, we in Canada have a Carney as the head of the Bank of Canada.

/Sadly, not as entertaining as you would think - this is a really boring Central Bank.
 
2012-08-09 03:07:40 PM  
Don't worry, we'll socialize the cost. Just like real estate where all the risk is taken by the marks, uh property "owners", and all the money is funneled into private hands that grab more than a black hole.
 
2012-08-09 03:09:27 PM  
www.latimes.com
 
2012-08-09 03:09:40 PM  
That's the Carney Code
 
2012-08-09 03:10:51 PM  

stonicus: [www.latimes.com image 280x350]


Came for this, leaving happy.

/and awwaaaaay we go!
 
2012-08-09 03:15:11 PM  

meow said the dog: thomps: Fo Shiz: No, he's making fun of Carnies.

yes, she's fat, but i don't think that mean's she's more than one carnie. stop being fatist.

This is what I was thinking. How rude to say she is not just one person. Unless he knows of the other famous Carnies upon which thomps and the meow said the dog of me are forgetting in which case I apologize but I believe that he is very much referring to Carnie Wilson.


I thought she had the surgery of removing of fat, or of smalling the stomach so that fat removal is of itself.
 
2012-08-09 03:15:17 PM  
My advice: Avoid small planes.
 
2012-08-09 03:15:31 PM  

Evil Canadian: Yes, we in Canada have a Carney as the head of the Bank of Canada.

/Sadly, not as entertaining as you would think - this is a really boring Central Bank.


Confirmed.
Boring, as banks aught to be.

Also, could we please have Mark Carney as Prime Minister instead of the current sicko/ideologue please?
 
2012-08-09 03:17:47 PM  

zerkalo: That's the Carney Code


t0.gstatic.com
Just like John Wayne.....
 
2012-08-09 03:35:19 PM  

yet_another_wumpus: What 2008 crisis, eh?

My understanding was that Canadian banks had actual regulations, and didn't take the same beatings that US, UK, Icelandic, etc. banks took at the time. I poked around, but didn't see any good way to switch to a Canadian bank while living south of the Mason Dixon line. Any sufficiently Northern farkers have any real details?


Canadian banks were trying desperately to catch up with the rest of the world (30 year mortgages, etc.) in 2008. Luckily, they had to deal with the "efficient" Canadian government.

/we were basically saved by the incompetence of a bunch of self-entitled, dumpy, middle-aged women
 
2012-08-09 03:36:19 PM  
Subby wins a prize for the headline.
 
2012-08-09 03:52:30 PM  

yet_another_wumpus: What 2008 crisis, eh?

My understanding was that Canadian banks had actual regulations, and didn't take the same beatings that US, UK, Icelandic, etc. banks took at the time. I poked around, but didn't see any good way to switch to a Canadian bank while living south of the Mason Dixon line. Any sufficiently Northern farkers have any real details?

TD Bank
BMO Harris Bank
Both subsidiaries of major Canadian banks.
 
2012-08-09 04:06:49 PM  
Also, for those of you in Puerto Rico, Scotiabank has a presence. Of couse, Scotiabank have a presence in much of the Caribbean and in Latin America / South America.

CIBC is in the Caribbean as First Bank of the Caribbean

Royal Bank used to be 'RBTT' but I think they added 'Royal' back onto the name. Are certainly in Trinidad and the Bahamas.
 
2012-08-09 04:15:13 PM  
Done in one
 
2012-08-09 04:23:20 PM  

WhippingBoy: yet_another_wumpus: What 2008 crisis, eh?

My understanding was that Canadian banks had actual regulations, and didn't take the same beatings that US, UK, Icelandic, etc. banks took at the time. I poked around, but didn't see any good way to switch to a Canadian bank while living south of the Mason Dixon line. Any sufficiently Northern farkers have any real details?

Canadian banks were trying desperately to catch up with the rest of the world (30 year mortgages, etc.) in 2008. Luckily, they had to deal with the "efficient" Canadian government.

/we were basically saved by the incompetence of a bunch of self-entitled, dumpy, middle-aged women


Eh? We had 40 year mortgages. We've never really had ARMs though - they made up an incredibly small part of our mortgage market. Also our mortgage interest isn't normally deductible so there's a lot of impetus here to pay off your mortgage ASAP.

Our banks are also much more risk adverse. Also, we as a people are more risk adverse than our American neighbours.
 
2012-08-09 04:31:33 PM  
www.anvari.org
 
2012-08-09 04:38:10 PM  
Jennifer Love Hewitt unavailable for comment.
 
2012-08-09 05:00:45 PM  

Shazam999: Eh? We had 40 year mortgages.


Only for the amortization period, not for the term.
 
2012-08-09 05:19:55 PM  
The general requirement is 25% down for a mortgage, and if you have less than that, you can get a mortgage, but it must be insured by the Canadian Housing and Mortgage Corp and the buyer pays the premium on that. A few years back you could get an insured mortgage for 5% down, but I think they just boosted that to 10% down.

Given the cost of housing in some Canadian markets, one must have quite a bit of cash on hand to actually get a mortgage. Where we currently live, if you work fulltime and have about 15K on hand, you could get a reasonably decent house in a working class neighbourhood, but it's not a great area and is probably the cheapest housing in Ontario.

There is no way the Canadian banks would ever have gone nuts on the sub-prime mortgage biz - they aren't allowed to, and if they were, they probably are too conservative and slow to move to actually DO it.

Canadian banking remains boring and lucrative for the bankers, but we didn't get into nearly the trouble other economies got into.
 
2012-08-09 05:30:26 PM  
I notice that he's speaking for Canada about other countries - the US isn't mentioned
It makes me wonder - it isn't what people say always, it's also what they DONT say that worries me.

Canadian banking remains boring and lucrative for the bankers,

I heard a great comment a while ago - "If you're in investment banking and it's exciting, you're doing it wrong."
 
2012-08-09 05:45:18 PM  

Ivo Shandor: Shazam999: Eh? We had 40 year mortgages.

Only for the amortization period, not for the term.


Yeah, thanks, I know the difference. What's your point?
 
2012-08-09 07:04:52 PM  
Hey Rube!
 
2012-08-09 07:09:19 PM  
www.ecovoxrecords.com
 
2012-08-09 07:17:25 PM  

yet_another_wumpus: What 2008 crisis, eh?

My understanding was that Canadian banks had actual regulations, and didn't take the same beatings that US, UK, Icelandic, etc. banks took at the time. I poked around, but didn't see any good way to switch to a Canadian bank while living south of the Mason Dixon line. Any sufficiently Northern farkers have any real details?


Actually, prior to the crash, our banks sought a decrease in government regulation and spoke publicly about how the rules were killing their opportunities to make American style profits. The government of the day refused to relent and was accused of interfering in laissez faire capitalism.

So the banks prospered despite their best efforts and as a result of a nanny state tactics.

Let this be a lesson to those who think in terms of idealogical absolutes.
 
2012-08-09 07:18:07 PM  

Shazam999: Ivo Shandor: Shazam999: Eh? We had 40 year mortgages.

Only for the amortization period, not for the term.

Yeah, thanks, I know the difference. What's your point?


Wouldn't there be a balloon payment if the amortization was longer than the term? I think that's the point.
 
2012-08-09 07:32:33 PM  
www.azcentral.com
 
2012-08-09 07:37:55 PM  

Evil Canadian: The general requirement is 25% down for a mortgage, and if you have less than that, you can get a mortgage, but it must be insured by the Canadian Housing and Mortgage Corp and the buyer pays the premium on that. A few years back you could get an insured mortgage for 5% down, but I think they just boosted that to 10% down.

Given the cost of housing in some Canadian markets, one must have quite a bit of cash on hand to actually get a mortgage. Where we currently live, if you work fulltime and have about 15K on hand, you could get a reasonably decent house in a working class neighbourhood, but it's not a great area and is probably the cheapest housing in Ontario.

There is no way the Canadian banks would ever have gone nuts on the sub-prime mortgage biz - they aren't allowed to, and if they were, they probably are too conservative and slow to move to actually DO it.

Canadian banking remains boring and lucrative for the bankers, but we didn't get into nearly the trouble other economies got into.


A side-effect of the requirement of CMHC insurance on low down payment mortgages is that the banks LOVE to write low down payment mortgages. The bank takes the profit and offloads the risk onto the government (i.e. taxpayers). The CMHC is one of the biggest factors encouraging high housing prices and bad mortgages.
 
2012-08-09 08:41:57 PM  

Evil Canadian: Yes, we in Canada have a Carney as the head of the Bank of Canada.

/Sadly, not as entertaining as you would think - this is a really boring Central Bank.


You say that like a boring (safe) central bank is a bad thing. Are you sure you're Canadian?
Or are you one of those ConservativesTM all in a snit you weren't able to get your deregulation through before the meltdown?
 
2012-08-09 08:56:09 PM  

Evil Canadian: The general requirement is 25% down for a mortgage, and if you have less than that, you can get a mortgage, but it must be insured by the Canadian Housing and Mortgage Corp and the buyer pays the premium on that. A few years back you could get an insured mortgage for 5% down, but I think they just boosted that to 10% down.

Given the cost of housing in some Canadian markets, one must have quite a bit of cash on hand to actually get a mortgage. Where we currently live, if you work fulltime and have about 15K on hand, you could get a reasonably decent house in a working class neighbourhood, but it's not a great area and is probably the cheapest housing in Ontario.

There is no way the Canadian banks would ever have gone nuts on the sub-prime mortgage biz - they aren't allowed to, and if they were, they probably are too conservative and slow to move to actually DO it.

Canadian banking remains boring and lucrative for the bankers, but we didn't get into nearly the trouble other economies got into.


Talkin' to the crowd mostly in the prior post...
Around here it'd be closer to 3 times that for a 10% down payment, In Toronto it'd be at way closer to 4 times that, (for a okay house in an okay area) that kind of cash is hard to save...
 
2012-08-09 09:38:46 PM  
In other news banker found dead at the bottom of a set of stairs. Repeatedly.
 
2012-08-09 10:52:06 PM  

Bio-nic: In other news banker found dead at the bottom of a set of stairs. Repeatedly.


That's kinda funny to me... Read the headline and said to Ms. Man "He's going to need to have someone else start his car, when he really gets into this."
 
2012-08-10 12:33:21 AM  
I sometimes get the feeling that Mark Carney is running for some kind of office.

Maybe he wants a job at the World Bank, the IMF, or possibly the US Fed. He did rule out running the Bank of England. At the present time, nobody would want that job any way, in all likelihood, so it was not great sacrifice to deny he wanted it.

I should ask my boss about him. My boss knows people at the Bank of Canada quite well and could probably tell me if my suspicions are correct.
 
2012-08-10 12:48:14 AM  

NoblePatrick: [www.ecovoxrecords.com image 320x240]


"Now you're on the trolly".
 
2012-08-10 11:15:24 AM  
Our banking system is where Canada can proudly point at the rest of the world and say, "If you're smart, you'll be more like us.".

This means that Americans you have to start modifying football stadiums to fit CFL regulation fields, add the letter u into many word like colour, honour, etc. and add a Tim Horton's on every second street corner.

Hey Brits, don't laugh so hard, you're not getting off easy either. Soccer? secondary sport, you're building hockey arenas now. Kate Middleton? we demand naked pictures.

I could go on but I'm polite, hosers.
 
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