Has this really ever happened before? As a former (their actions of late have totally turned me off) conservative supporter this just reeks of unnecessary meddling. It totally goes against conservative values of allowing free market. They got rid of the wheat board, why is it ok for farmers to sell their grain on an open market but not banks to sell their mortgages?
I understand that there is historic debt levels, but they can't have their cake and eat it too. They've already re-introduced 25 year mortgages (which they played with allowing 40 year ones til it bit them) as well as the minimum down payment amount. Leave it alone.
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