The Globe and Mail reports on Canada's Finance Minister floating the privatization of Canada's Mortgage and Housing Corporation (CMHC). Granted, nothing will be finalized until the next Parliamentary election. But will concerns over a Canadian housing bubble, it's an interesting move--both on policy and politically--for the Harper's government to make now.
Maclean's is posting instant Twitter reactions. We'll see over the week how much noise Canada's opposition parties, and the Canadian public, make over the proposal.
Learn more about the CMHC here.
And will it be something the either a Obama or Romney administration will pick-up on re: Freddie Mac, or even more boldly, HUD?
That seems more like good news to the loan modification lawyer and bad news to everybody else, since it seems like it's going to fall under circumstances similar to 2008.
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