Fantastic article

I wanted to refer you all to a great article that I just read on the Canadian housing market and banking system. This is the type of analysis that is sorely lacking in the Globe and Mail and mainstream media in Canada.

http://marketdepth.typepad.com/marketdepth/2009/06/sell-the-banks.html

In particular, I love the analysis on that Kremlin type organization, the CMHC, which I believe is a Fannie Mae Lite.

I agree pretty much 100% with this article, and it basically describes the shenanigans that CMHC is busy concocting in a doomed attempt to avoid a housing collapse.