Canada’s Hidden Bailout Just Started

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My longform unscripted thoughts: @TheRussMatthewsShow

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DISCLAIMER: This video is intended to be used for entertainment purposes only, and is not to be interpreted as advice, financial, investing, legal or otherwise. Any decision or action made by any viewer of this video is entirely at the discretion of that individual. Russell Matthews does not warrant or represent that any information is accurate. This description contains affiliate links, and if you purchase an item, a portion of the sale will go towards supporting the channel, at no additional cost to you.

[mmartin]

When Freeland said we need to relax and extend mortgage terms because "home prices are up because the economy is doig so well", I gained a whole new disrespect for the government.

[hollywood]

Can I get a bailout for my bad decisions?
How come the banks get a bailout with my tax money?

[lgdonovan]

Instead of addressing the out of control costs, the government has chosen to support them on the backs of the consumer. No surprise there.

[gregoreo]

This works until mortgages outlive people - but I wouldn't put it past the Gov to start handing out generational mortgages

[everythingisdust]

You literally just explained a giant ponzi scheme. But hey I don't know shit so don't listen to me

[americanicehole]

@27:30 "... unnecessary complexity to stop ordinary people from seeing what's going on...." Exactly.

[janetpelletier]

I was never a person who was angry about taxes. Well, I am no longer that person.

[nickanderson]

They also change what a recession is to avoid it

[lindawheatley]

About every 10 years it's another bank bailout! Let them go broke like other businesses. It's bad management and the public should not have to pay for their mistakes!

[jakemartin]

Tied for 1st place as Canada's premier financial news channel. I get better info here than the Globe and Mail

[austinbar]

Really, banks require more regulation. The entire idea of banking as "let's gamble" is terrifying. Because they discovered in 2008 that the government will always bail them out, there are no repercussions. These bank crisis are so worrisome. This whole financial crisis and the Great Recession posed the most significant macroeconomic challenges for the United States in a half-century, leaving behind high unemployment and below-target inflation and calling for highly accommodative monetary policies. And this is only the beginning!

[Mrdevs]

I and many others were sounding all the alarms during Covid, it was the greatest domestic policy failure in Canadian history. Over spending and over borrowing while destroying small businesses and the economy for a long time

[AlwayzFresh]

The temp foreign worker program has almost destroyed an entire nations economy. Wild times to be Canadian. I am currently planning my way out of here, after 20 years serving the military I did my part. Can't wait to leave Canada. 2026 is my year of freedom from this country and it's insane taxes and lack of healthcare and housing.

[alexirving]

Best youtube video I've watched in a while, and I watch a lot. The clear delivery of information, lack of emotional frustration, honesty at the end about your own actions. You've earned my sub. Thank you.

[-fromthestix]

Bank, airlines and the auto industry have been bailed out over and over.

[mwadfb]

How does the government think new homes are going to be purchased over the next decade when nobody can afford rent let alone a down payment

[petercamacho]

The wealth gap cannot close because the system was not designed that way. The system is designed, so the wealth of the many flows to the few at the top by design, not by accident.

[buckyp]

It's all a circle jerk to get the banks out from under their capital requirements, and at the same time remove all their risk.

[RolandDeschainee]

we should not be bailing out our banks who have been posting record profits year over year

[clydedufffyaway]

Extended amortization does not make anything more affordable.