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04-16-2010, 08:48 AM

merrylander merrylander is offline

Resident octogenarian

Join Date: May 2009

Location: Maryland

Posts: 20,860

Quote:

Originally Posted by finnbow

I guess. However, real estate markets can crash even in places with rational banking systems. Hopefully, such a crash there won't bring down everything else around it like it almost did here.

Thanks to the CMHC (Central Mortgage & Housing Corporation) no Canadian banks needed bailing from the derivative scam.

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