But not actually. In reality it's a measure to buy time, basically Kabuki theatre:
This third party, which Home Capital did not identify, has indicated its non-binding intention to buy as much as $1 billion in qualifying uninsured mortgages
Those 'non-binding intentions'... No one is bailing out shit. This is an act. No one in their right mind would take this on
>Embattled mortgage lender Home Capital has announced it has entered into an arrangement with an “independent third party” that wishes to either purchase funded mortgages or take on its mortgage commitments and renewals up to a total of $1.5 billion.
If this mystery third party isn't the Canadian taxpayer, it is a person who will have an inordinate amount of control over your country.
A Bonified Mystery man has you by the balls
Robert Anderson
If you take it at face value, it's probably another pensioner plan. They're desperate for money. Maybe govt pensioners.
Unless it's all fake to trick people into not withdrawing or reinvesting their money.
Benjamin Ramirez
That's what I'm thinking.
I'm also thinking that there might not even be a mystery man. This could be kabuki.
But yeah m8, your pensions are on the chopping block soon. 320k healthcare pensions got put on it a couple weeks ago and it wasn't enough.
Blake Allen
>320k healthcare pensions got put on it a couple weeks ago and it wasn't enough
I've been seeing this a lot.
Got a source?
Isaiah Mitchell
That whole situation with Home Cap and those healthcare pensions was a disgrace. Such an unapologetic conflict of interest.. CEO / pres of the pensions was a board member at Home Cap. Got them the money a day after the stock crash. How is that even legal?
On second thought, anyone with any brains has reinvested already. Not a high probability of this being a fake. Home Cap is sunk; this is just the death throes of a failed company. They're liquidizing.
The anonymous third party is still a mystery though. Still leaning towards pensions not wanting the public shitshow that we saw earlier.
It's a trash-tier investment event if they're able to pick and choose the lower risk mortgages and buy them on the cheap tho. This housing market is going to implode.
user when is it happening 2020? 2024? And how can I profit?
Benjamin Hall
imagine Venezuala except with your winter.
You don't want to see that. No one does.
Samuel Diaz
Throwing jars of frozen shit at the police?
I doubt it'll get as bad as the Balkans. I just think Canada should go down in a fucking firestorm to show the rest of the world what happens when you allow incompetence to go unchecked for so long.
Aaron Cox
WAIT. WHAT IF IT WAS SOROS? Could it be Soros? He's known to do some shady shit like this.
Ian Jackson
It's ICBC.
Nolan Roberts
Industrial and Commercial Bank of China....
Easton Flores
This third party is probably George Soros.
Matthew Cook
It's probably not going to happen at all. I think it is kabuki.
