AIG Canada is one of the most secure investments in the AIG universe with strong Canadian government guarantees behind it. If the US government managed its mortgage industry the way that the Canadian government has, the US wouldn't be in the total mess that it is...
Both McCain and Obama are promising to increase regulation of the financial services industry after this mess.... sounds all too familiar... the leaders promised the same after the Savings and Loan screw up... leading to this???
I think it is unlikely that the US government will make sensible changes in the rules... in an environment with such strong state rights... including the right for any state to make stupid.
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Mortgage Professionals Canada Launches New Consumer Focused Advocacy
Campaign
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It has been over six months since federal Finance Minister Bill Morneau
announced significant new rules for mortgage insurance and eligibility
requirements...
7 years ago
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