They will not have the funds to honor their commitments and the government has to bail them out. CMHC is nothing but Canadian version of Fannie and Freddie . We all know their health.

When banks make money that goes to share holders but when bank loose money that goes to tax payers.

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Originally posted by sville
I thought it's all in the CHMC insurance fee. Backup your statement with facts.

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Why is York school system better than Peel school system.
Kuljot Anand from Turner fenton in Brampton got 100% marks and a $250,000 scholarship to go to Massachussetts Institute of Technology(MIT) in this academic year.
Can York system boast of such an accomplishment?
Also read Rajeev Narula's post.

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Originally posted by rahul_singh23They will not have the funds to honor their commitments and the government has to bail them out. CMHC is nothing but Canadian version of Fannie and Freddie . We all know their health.

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Originally posted by rahul_singh23
When banks make money that goes to share holders but when bank loose money that goes to tax payers.

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http://www.theglobeandmail.com/report-on-business/crash-and-recovery/cmhcs-growth-fuels-worries-over-new-risks/article1327491/

federal government has quietly given Canada Mortgage and Housing Corp. more financial muscle, raising concerns the multibillion-dollar agency is expanding at an unprecedented pace with little oversight.

For the second time since the beginning of 2008, Ottawa has raised the amount of mortgage insurance CMHC can have outstanding. The increase moves the cap to $600-billion, up from $450-billion and nearly double the $350-billion limit in place at the end of 2007.


http://www.globalresearch.ca/index.php?context=va&aid=12007

Canada's Bank Bailout

The 64 billion dollar budget deficit should come as no surprise.

It is directly related to a 75 billion dollar bank bailout program for Canada's chartered banks, announced, virtually unnoticed, four days before the October Federal election.

The bank bailout received close to no media coverage; its budgetary implications were not analyzed.

The 25 billion dollar allocation was announced four days prior to the elections. Two days following the federal elections, the first mortgage purchase took place leading to an initial cash injection of 5 billion into the coffers of the chartered banks.

Barely a month following the federal election, on November 12 2008, another $50 billion allocation was announced.

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Originally posted by sville
Ok, when exactly has any tax $s gone toward any Canadian banks?
What hurts me more, and so should to you, is the tax $s going toward unemployment. I really hope employment improves so atleast our tax $s could go toward something even more better.

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Here is one more article in today's National Post by Diane Francis- kinda echoes what rahul singh says. wonder if she compiled the info from the same sources as rahul.

http://network.nationalpost.com/np/blogs/francis/archive/2009/10/21/cmhc-canada-s-freddie-and-fannie.aspx#

Hey Rahul why not write a column for one of the major newspapers?
Try with one of the regional ones and move up.at least we'll see a desi name as columnist other than Haroon.
Diane even mentions Garth Turner whom you also mention in many posts.
maybe u r the ghost writer on this for Diane??!!

Regarding schools I am more going by the statistics and the research done by the Fraser Institute website.
http://www.fraserinstitute.org/reportcards/schoolperformance/ontario.htm

And also you can find quick comparison on Toronto sun’s website

http://www.torontosun.com/elementaryschools/home.html

What you are saying regarding scholarship is true but that is more exception then rule and I am going by the probability .