Quote:
Originally Posted by Patrick
Stop letting people into the country so easily? Problem solved.
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hahaha yeah... good call, that's definitely the answer. No Canadian citizen would ever commit this type of fraud.
I think the reason it's so hard to feel bad for a bank is because... well... it's a bank. Maybe if they stopped seemingly screwing people so hard while regularly posting new-record profits every quarter, had their doors open past 3pm, or actually made a policy that diverged from the little oligopoly we live with here in Canada people may give a crap that they were actually harmed here.
Meanwhile, I agree that it remains the bank's sole responsibility for property valuation. If somebody is valuing the crappiest place on the block at an unreasonable offer, back away from the mortgage? Nobody is forcing a gun to the bank's head here- fraud notwithstanding nor excused.