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Flaherty acknowledges possible pain

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Mortgage Broker News | 29 Jun 2012, 09:00 AM Agree 0
Jim Flaherty is now conceding the economy may take a bit of a beating because of the new, tighter mortgage rules – billing it as a necessary evil in order to protect the housing market.
  • Kelly Rowe | 30 Jun 2012, 04:49 AM Agree 0
    How nice for Mr. Flaherty that he gets to make these reports from Ireland. I wonder if that is where he keeps his crystal ball which informs him of the upcoming housing bubble.
    Knock the first timers out of the market and reduce construction jobs in Canada. Sounds like good times. The U.S. is still doing refi's to 97% which is rediculous, but surely there is a happy medium.
    Time to spend some effort on the credit card companies Mr Flaherty, leave the mortgage industry alone for a while!!!!
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