PAYMENT SHOCK
Вставка
- Опубліковано 11 чер 2024
- Adjourned
English Video1010
11:06:28
Info
Description Meeting No. 148 FINA - Standing Committee on Finance
Location West Block - 025-B
Scheduled
Tuesday, Jun 11, 2024
11:06 - 13:02
1 Hour 55 Minutes
Actual parlvu.parl.gc.ca/Harmony/en/...
Tuesday, Jun 11, 2024
11:06 - 13:02
1 Hour 55 Minutes
Contact
Information
parlvusupport@parl.gc.ca
Information website
Liberal Government Policy is Now Creating Payment Shock as Default Levels are on the Rise
In recent years, there has been a growing concern about the impact of liberal government policies on the financial well-being of individuals and households. One area of particular concern is the rise in default levels on loans and other forms of credit, which is creating a payment shock for many.
The liberal government's approach to economic policy has been focused on increasing access to credit and promoting consumer spending. While these policies have had some positive effects on the economy, they have also led to an increase in the number of individuals and households who are struggling to keep up with their debt payments.
The result is a payment shock for many, as they find themselves unable to make the required payments on their loans and credit accounts. This can have serious repercussions for their financial stability, leading to damaged credit scores, increased interest rates, and even bankruptcy in some cases.
One of the key factors contributing to the rise in default levels is the liberal government's lax approach to regulating the financial industry. This has allowed lenders to extend credit to individuals who may not have the means to repay it, leading to a higher likelihood of default.
In addition, the liberal government's emphasis on promoting consumer spending has also contributed to the problem, as individuals are encouraged to take on more debt in order to fuel economic growth. This has resulted in a situation where many individuals are overextended and struggling to keep up with their financial obligations.
It is clear that the liberal government policy is now creating a payment shock for many individuals and households, as default levels continue to rise. It is crucial for the government to take a more balanced approach to economic policy, ensuring that access to credit is available to those who can afford it, while also providing safeguards to prevent overindebtedness.
In conclusion, the rise in default levels on loans and credit accounts is a worrying trend that is creating a payment shock for many individuals and households. It is essential for the liberal government to reevaluate its policies and take steps to address this issue, in order to protect the financial well-being of its citizens.
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I've got the Popcorn out to watch the next installment of the Creepy Castreau drama horror train wreck, but it's making me sick to my stomach, the vast amount of treasonous traitors and the massive bilking of Canadians.
My god is no one safe in this country.
Bankers could care less if people are on the street
Sick of watching their constant manipulation of Canadians to benefit themselves - including the bank's who don't give a damn about anyone. You fall on hard times? Banks don't give a crap. All of these crook's need to go and Canadians don't need 'government' in our financial business.
Our country must be in deep trouble if they are offering 80 mortgages! Wow
Must be
How does a country with the area Canada does, only most recently have such a divergence between Avg take home pay & cost of a family home?
The insistence of using equity rather than knowledge and the skill and understanding of how to use it has destroyed Canada!
Thanks for making these videos bro
My pleasure
🤜🤛👍
Is this about the banks making even more money?
The New World Order, they want us all gone!!
The banksters, specifically the central banksters
Isn't it the job of politicians to mind the business of the nation, when did they start minding the business of the people?, Loosening the reigns is like Allo the fox to guard the henhouse. Just plain stupid.
I have bought through the years 6 houses and 2 condos in 2 different countries over 5 decades and have never had a cosigner or used CMHC, ni parents money involves.
Work hard and live WITHIN YOUR MEANS.
That last part is really important!
Oh and NO TAXPAYERS MONEY.
Truth!! Live within your means!
if you got property, pay it off today, these people are finding every way to take everything from everyone, including lives and lifestyles.
5 million Canadians have a mortgage.. Seems awfully low for a over grown population.. 🤔
Housing cost is too high so instead of bringing the costs down , we are going to loosen the mortgage requirements so you can take on multi-generational 80+ year debt just to afford a home and make the banks billions. Fucking regarded.
In other words your Grandchildren will be paying the mortgage off....this is indentured servitude across the generations.
This guy is making sure the banks don’t lose the fees they charge by making uninsured mortgage holders having to be re-assessed and be stress tested again to get a mortgage with another institution !
Don't worry it's just an eighty year mortgage! Lol!😂
An 80yr mortgage means aside from the owner, that place will be rented in perpetuity.
Go look at the housing in england.
Just Pay Cash!
Key thing
Something wrong with him
CMH corporation please
What a fucking joke.
You will own nothing and nbe happy...😡
Mark my words , the country is not and will not move forward until the whole system and anyone who worked for it are gone , idc what party or name all done . Anything less will be unacceptable
Completely agree and well said Canadians need to stand together and unite once and for all against these traitors and thieves
Who will they sell it to ? The Wallstreet?
China
So we brought in an “expert” who doesn’t think increased input costs along with under supply, and over demand leads to higher housing costs
UA-cam put up a commercial for Bank Al Habib during this….can’t make this up