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A comment on Most Canadians Are Now Better Off Than Most Americans. Parent comment

Re:Most Canadians Are Now Better Off Than Most Americans by AstralStorm on Friday August 30, 2019 @01:53PM (#20840865)
No. Banks have a much higher risk threshold and can repossession you. They are diversified, have qualified financial staff (mostly) and more.

Neutral side is generally considered "best effort" in the axis.

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Re:Most Canadians Are Now Better Off Than Most Americans by mistermann on Friday August 30, 2019 @02:18PM (#20841099)
More importantly, they're backed by the CMHC so they don't have to concern themselves with risk.

https://www.cmhc-schl.gc.ca

And if there's a crisis large enough that solvency of CMHC might be questionable, they don't have to worry either because the bank of Canada will gladly buy their mortgages, passing the risk onto taxpayers.

https://www.macleans.ca/economy/business/the-real-canadian-b...

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Re:Most Canadians Are Now Better Off Than Most Americans by Mikeb85 on Friday August 30, 2019 @01:58PM (#20840916)
That ignores the fact that the government regulates what kind of loans banks can make to individuals.
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