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Thursday, April 24, 2014

Thursday's Vehicle - 1966 Corvair Spyder


Kiefer Sutherland's Grandfather Remembered For Bringing Universal Health...


Flaherty: His legacy of incompetance lives on

The following article is from 2012 however little has changed for CMHC in the past two years.

The Conservatives policies of making themselves look good without properly studying and evaluating their proposals and bullying ahead are catching up to them.

Lets be honest, it is not their fault after all the Conservative Party is made up of Reformers with absolutely no history of running anything other than to the outhouse. So why should we expect anything better?

First of all they lowered the down payment requirement on housing purchases to 5% which made affordability easier.... a good thing for home sales, contractors and banks ..... a bad thing for CMHC who insured these high risk loans.

Then when the economy crashed in 2008 and both Flaherty and Harper were insisting that Canada would not be affected by the down turn they quietly had CMHC buy up the banking industries high risk loans.

Again Flaherty and harper miscalculated the economy and didn't change the down payment requirement. Surprise, surprise housing sales continued to escalate and put an even greater burden on CMHC and their insured loans. 

Canada Mortgage & Housing Corp approaches Fannie Mae default risk

By Andrew Mayeda and Greg Quinn

The Canadian housing agency’s vulnerability to mortgage defaults has soared ninefold in 20 years, approaching levels reached by Fannie Mae and Freddie Mac in the U.S. at the height of the housing boom. Canada Mortgage & Housing Corp. says its finances are secure unless the country plunges into deep recession for several years.

Government-owned CMHC insured $541 billion in mortgages as of Sept. 30, an amount equal to 31% of Canada’s annual gross domestic output, as home prices climb and construction expands. In 2006, when U.S. home prices peaked, the combined exposure of the government-backed agencies to potential defaults was slightly more than a third the size of the economy, according to Bloomberg calculations based on U.S. Federal Reserve data. Fannie and Freddie were bailed out in 2008.

“If a significant number of homeowners default, CMHC would have a lot of claims they would have to pay out,” said John Andrew, real-estate professor at Queen’s University in Kingston, Ontario. Homes would “sell at greatly discounted prices as supply exceeds demand,” he said, adding “the risk of this is significant.”

http://business.financialpost.com/2012/03/09/ghost-of-fannie-mae-haunts-canadas-housing-agency/

The spooks and kooks are still dropping by

This article is probably beyond their comprehension but it is nice to know that the they have an interest in what they are FU@%ING UP

For those of you wondering why I post these intrusions by Canada's Fascist party it is because it is now imbedded in cyber space for eternity and shows the World what pricks this government really is.

http://theeco-senior.blogspot.ca/2014/04/pierre-poutine-poilievre-is-destroying.html

Domain Name  (Unknown) 
IP Address 198.103.39.# (Finance Canada and Treasury Board Secretariat)
ISP GTIS
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Continent : North America
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City : Ottawa
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Language English (U.S.)
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Canada's Federal Debt


Appleby Creek behind the house

 Looking South
 
 Bath time for the big guy
 
 A little preening before paying mama a visit
 
 My best side
 
Looking North

Entry level housing for young Canadian families


Buy two and rent one out to the foreign guest workers

Thanks Ed

3D Visual Explanation of Winston Freer Tile Puzzle




Just goes to show you can’t trust those Winston’s!!   -   Win

Thanks Win

Funny Leafs pics

Hi Folks  ...........  This is being forwarded by, I must admit, a “Leaf Fan”  -  But hell I’ve only been disappointed for 47 years in a row!!  -  I’m running out of years  butttttt...........!!!!!!!!    -   Win



Thanks Win

Ever have a day like this??


Thanks Randy

True Story

A Newfie goes down to the Grand Bank wharf looking for work and comes up to the captain of a fishing boat and says,'Hey Capt'n got any work fer Me?'
 
 
The captain gives him a 28 page job application and says 'Fill this out and bring it back to me'. So two days later the Newfie brings it back and gives it to the Captain.  

The captain takes a quick look at it and says 'OK, you're hired,now go on board and find something to do..'
Just then, this foreign guy comes up to the captain and says, 'Lookie wok, need wok.'
  

The captain tells him 'OK you're hired.' The Newfie is standing right there and asks the captain 'Hey, you made
me fill out a 28 page job application and you just hired this guy like that, Why?"
  

Captain replies 'He's got an honest face'.  

The Newfie sighs and walks onto the boat, all upset. A few days later, they're out to sea and the Newfie is up in the crow's nest looking for icebergs and the other guy is down on the deck mopping the deck. Just then, this great big wave comes along and washes the other guy overboard.
 

The Newfie gets down out of the crow's nest and walks into the Captain's' office and says:  
"Remember that foreign guy you hired with the honest face?  

Well, he just f*%# off with your mop!"  
 
Thanks Norman

Socially Unacceptable Humour

 


I was in bed with a blind girl last night and she said that I had the biggest penis she had ever laid her hands on.
I said "You're pulling my leg."

I saw a poor old lady fall over today on the ice!
At least I presume she was poor - she only had $1.20 in her purse.

My girlfriend thinks that I'm a stalker.
Well, she's not exactly my girlfriend yet.

Went for my routine check-up today and everything seemed to be going fine until he stuck his index finger up my backside!
Do you think I should change dentists?

A wife says to her husband, "You're always pushing me around and talking behind my back."
He says, "What do you expect? You're in a wheel chair." 

I was explaining to my wife last night that when you die you get reincarnated but must come back as a different creature. She said she would like to come back as a cow.
I said, "You're obviously not listening." 

The wife has been missing a week now. Police said to prepare for the worst.
So, I have been to St Vinnie’s to get all of her clothes back.

You can say lots of bad things about paedophiles but at least they drive slowly past schools.


A mate of mine has just told me he's getting it on with his girlfriend and her twin.
I said "How can you tell them apart?"
He said "Her brother's got a moustache."

Thanks Richard

Wednesday, April 23, 2014

Wednesday's Vehicle - 1978 Chrysler


Sign the petition

RCMP and prosecutors must disclose details about why they did not prosecute Nigel Wright for his payment to Senator Mike Duffy, as B.C. prosecutor did in similar situation

More than 31,000 Canadians have signed petition calling for public explanation from the RCMP and prosecutors

Democracy Watch considering private prosecution to ensure full hearing of the legal issues – also calls on Ethics Commissioner and Senate Ethics Officer to rule finally on complaints filed months ago

April 22, 2014
OTTAWA – Today, Democracy Watch called on the RCMP officials and prosecutors who decided not to charge and prosecute Nigel Wright for his payment of more than $90,000 to Senator Mike Duffy to provide a detailed written explanation of their decision, as a B.C. prosecutor did in the Dobell case in 2008 (To see the explanation in B.C. case, click here (PDF document).

More than 31,000 Canadians have signed an online petition calling for a public explanation whenever prosecutors decide not to prosecute someone involved in the Senate spending scandal, as well as for fully independent prosecutors to oversee the investigations to ensure decisions are made based on the facts and the law and no other considerations.

Democracy Watch also called on federal Ethics Commissioner Mary Dawson to launch an examination of the complaint it filed with her in December concerning the actions of Wright and other staff of the Prime Minister’s Officer involved in the Senate scandal. And Democracy Watch called on Senate Ethics Officer Lyse Ricard to rule on the complaint it filed with her also in December about Duffy and other senators’ actions. Both the Ethics Commissioner and Senate Ethics Officer could have ruled last June about Wright’s and Duffy’s actions, if they had acted like watchdogs instead of lapdogs.

http://democracywatch.ca/20140422-rcmp-and-prosecutors-must-disclose-details-about-why-they-did-not-prosecute-nigel-wright-for-his-payment-to-senator-mike-duffy-as-b-c-prosecutor-did-in-similar-situation/

RetroBites: Tommy Douglas (1976)