Coronavirus

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"yeah, like old people totally smell funny and they're not chill,
I'd like actually be doing them a favour by infecting them,
it's not like they are enjoying living, they're totally wasting my inheritance anyway"
 
J_F said:
"yeah, like old people totally smell funny and they're not chill,
I'd like actually be doing them a favour by infecting them,
it's not like they are enjoying living, they're totally wasting my inheritance anyway"
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If I was that kids parents, I'd make sure the will left them enough for a happy meal and the rest went to a worthy charity.
 
GreyGhost said:
Than expected by who? This april 5th target date will quite possibly be before we even peak. I am leaning towards at least june before the majority of restrictions are lifted.
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I wasn't being specific or stating there was a recover date, just behaviour like this will make it take longer.
 
The school year is done.Now is the time teachers unions.Let's get things settled by video conferencing and digital communications.
 
As expected, banks were all happy to participate in a press release about helping mortgagees, but when it comes down to it, they are behaving somewhere between prudent and **********. It's nowhere near as simple as they made it sound initially.

If they dont have answers prepared for any of those questions, they are either not trying or not wanting to be called out as behaving like dbags.


"CBC News asked each of the big five banks for more information on the criteria for the case-by-case-based decisions on mortgage and credit deferrals.

We asked:

Who would qualify?
Is there an application process?
Does the entire household have to be off work?
Will they require documentation?

None of the banks answered any of those questions."
 
GreyGhost said:
As expected, banks were all happy to participate in a press release about helping mortgagees, but when it comes down to it, they are behaving somewhere between prudent and **********. It's nowhere near as simple as they made it sound initially.

If they dont have answers prepared for any of those questions, they are either not trying or not wanting to be called out as behaving like dbags.


"CBC News asked each of the big five banks for more information on the criteria for the case-by-case-based decisions on mortgage and credit deferrals.

We asked:

Who would qualify?
Is there an application process?
Does the entire household have to be off work?
Will they require documentation?

None of the banks answered any of those questions."
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Give them a break! This isn't the kind of thing a few bank execs decide over beers. Thank your god that banks are collaborating on this, banks have a lot to do right now and the headwinds they are facing are fierce.

You have to know that banks and gov't agencies are the world's largest fraud targets, gov't won't care to much if they get fleeced as their pockets go a lot deeper than even a big bank. Every dirtbag that steals a benefit they do not deserve hurts the ones that really need it (think about the 30% extra you pay on your car/house insurance to fund fraudsters).

Their biggest priority right now is liquidity and making sure they can maintain critical operations. They are all closing branches and diverting customers to on-line and telephone banking which is likely stressing their infrastructure passed the breaking point. Finance payments will come due over the next month, they still have a little time to get it worked out in a fair and reasonable way - a few people panicking early and a Jr CBC journalist trying to sensationalize the issue so she gets ink isn't going to make the banks flinch.

Banks have already said they are will help, they did when wildfires toasted Alberta, when floods drenched the maritimes. This is a bigger scale, they will get it done, I imagine it's among a few top priorities today.
 
In a surprising move, border is shut to refugees. They get sent back to the US (as should be been the policy all along). As expected, many cries from advocates about inflicting more suffering on the most vulnerable at a time like this. Again, screw off, there are much bigger problems than trying to deal with people that have been told how to exploit a loophole in the system to gain access and favorable treatment in Canada. Apply, get accepted, I am happy to have you here.
 
GreyGhost said:
In a surprising move, border is shut to refugees. They get sent back to the US (as should be been the policy all along). As expected, many cries from advocates about inflicting more suffering on the most vulnerable at a time like this. Again, screw off, there are much bigger problems than trying to deal with people that have been told how to exploit a loophole in the system to gain access and favorable treatment in Canada. Apply, get accepted, I am happy to have you here.
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Damn Americans! Trying to escape their hellhole of a country...
 
Mad Mike said:
Give them a break! This isn't the kind of thing a few bank execs decide over beers. Thank your god that banks are collaborating on this, banks have a lot to do right now and the headwinds they are facing are fierce.

You have to know that banks and gov't agencies are the world's largest fraud targets, gov't won't care to much if they get fleeced as their pockets go a lot deeper than even a big bank. Every dirtbag that steals a benefit they do not deserve hurts the ones that really need it (think about the 30% extra you pay on your car/house insurance to fund fraudsters).

Their biggest priority right now is liquidity and making sure they can maintain critical operations. They are all closing branches and diverting customers to on-line and telephone banking which is likely stressing their infrastructure passed the breaking point. Finance payments will come due over the next month, they still have a little time to get it worked out in a fair and reasonable way - a few people panicking early and a Jr CBC journalist trying to sensationalize the issue so she gets ink isn't going to make the banks flinch.

Banks have already said they are will help, they did when wildfires toasted Alberta, when floods drenched the maritimes. This is a bigger scale, they will get it done, I imagine it's among a few top priorities today.
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They are holding a mortgage secured against an asset and they knew everything about you when you signed up. They could eliminate most of the hassles for at least a portion of their mortgagees with no risk. For instance, if the mortgage is <50% of the value of the property (which allows property values to drop substantially while still keeping a safe ratio for the bank), just login to your web account and defer payments for up to six months. No risk to the bank at all. For those at 20% or less equity now, obviously a more complicated process would be required to ensure the bank is protected. The question of whether interest will continue to accrue is likely more of a discussion between the banks and JT. I am assuming the clock will always continue, it just depends who is picking up the tab.
 
GreyGhost said:
They are holding a mortgage secured against an asset and they knew everything about you when you signed up. They could eliminate most of the hassles for at least a portion of their mortgagees with no risk. For instance, if the mortgage is <50% of the value of the property (which allows property values to drop substantially while still keeping a safe ratio for the bank), just login to your web account and defer payments for up to six months. No risk to the bank at all. For those at 20% or less equity now, obviously a more complicated process would be required to ensure the bank is protected. The question of whether interest will continue to accrue is likely more of a discussion between the banks and JT. I am assuming the clock will always continue, it just depends who is picking up the tab.
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I've seen how long projects take to come to fruition in a bank. I take care of the software that handles some of the PPM stuff.
Give it a bit of time guys and gals. We're still talking a lot of money and a lot of risk for everybody involved.
Lay offs galore, risk increased in a super shaky market... The banks are kinda what carries us out of financial trouble in canada as their conservative approach gives us stable ground to step on when everything else goes to hell...

Sucks to wait but i'm sure it'll be worth it
 
LePhillou said:
I've seen how long projects take to come to fruition in a bank. I take care of the software that handles some of the PPM stuff.
Give it a bit of time guys and gals. We're still talking a lot of money and a lot of risk for everybody involved.
Lay offs galore, risk increased in a super shaky market... The banks are kinda what carries us out of financial trouble in canada as their conservative approach gives us stable ground to step on when everything else goes to hell...

Sucks to wait but i'm sure it'll be worth it
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Especially now that the bank of Alberta has taken a severe beating.

Other than cedar fair which I bought a week ago, the only red lines in my portfolio are financial (mfc, ry, c). They are stable and pay a dividend, but they didn't climb fast enough to weather this pounding without dropping below my original investment. Other stocks have lost more over the past weeks, but are still up over time. I need to rethink my strategy of keeping banks in the portfolio for stability.
 
seeing as the Fed election was just in the fall
there is less political pressure for a citizen directed package

looking south
does anyone doubt the $ trillion cheques to the people thing
would not have happened if there was not a Presidential election in 8 months?

this will settle down long before the Libs have to face the polls again
sadly I think that means the wage earners are really going to hurt
 
J_F said:
seeing as the Fed election was just in the fall
there is less political pressure for a citizen directed package

looking south
does anyone doubt the $ trillion checks to the people thing
would not have happened if there was not a Presidential election in 8 months?

this will settle down long before the Libs have to face the polls again
sadly I think that means the wage earners are really going to hurt
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It is bad for the cons that Scheer is still the leader. Crises make or break politicians (I don't agree with some of what JT has done, but imo he is getting better quickly). Having a competent (and not lame duck) leader of the opposition could be a good position for a party to present ideas on how to move forward. As it is, JT is in a position to spend freely to get the country through this and that is what he is good at. There's a very good chance he gets a majority next time even if it is a few years away. That is good for now, but this mess is going to put a real hurting on my kids and grandkids. I guess the only upside is the entire world is getting equitably pounded so Canada will not be regressing against the competition.
 
A good time to be retired with no debt,with most everything in gic's.
Thinking of buying a new trials bike now that my Ossa is gone. My choice has me pretty much decided on Beta. And as fate would have it, it's made in Italy. Sigh. And of course i blew my left knee out a couple days ago tripping on the $5k stair lift i had installed for my wife. And of course Beta's are left kick start. Sigh again.
 
I was working through the process of the kids seeing their grandparents with minimal risk (not now, but at some point). I am less worried about my family and much more worried about giving it to them. There are no good answers to that.
  1. As far as we know, we haven't been exposed but we continue to have some contact with the outside world. That means that on any given day we may be contagious. It won't be safe to see them until the vaccine is widely available. We could always roll the dice, but it is a risk.
  2. We are completely isolated from the outside world for two weeks prior to them visiting and maintain that isolation until they leave. This one is very hard as I doubt my wife will be able to take any time off work and must go in to do her job. Unless we also kept her separate from the kids and I for that entire period. I don't know if she (or the kids) could deal with that.
  3. If an easy and fast test was available for purchase, test all of us to ensure we don't have it, then visit (not likely anytime soon).
  4. We (or they) get covid, self-isolate for two weeks and then we should be safe to visit whenever. Is this the best option??? Like a chicken pox party back in the day? The chance you catch it in the wild before the vaccine exists is exceedingly high so this may not be exposing us to much unnecessary risk. As a public health policy, should this be considered? After the spike has passed, infect and isolate those least at risk at a controlled rate to get R down and protect those at high risk? The one year timeline for a vaccine is theoretical, it could be more or less. That timeline drastically affects whether this may be a good idea or a terrible idea.
  5. is there a 5?
The grandparents are reasonably old and most have some co-morbidities. You don't really want to keep them away from the kids for a year or more.

GTAM thoughts?
 
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GreyGhost said:
Than expected by who? This april 5th target date will quite possibly be before we even peak. I am leaning towards at least june before the majority of restrictions are lifted.
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All I expect for April 5th (Possibly) is the TP situation to be under control. The fog won't have cleared enough to see the curve until May at best. Then the predictions will have an effect on the curve. If things look better people will slack off. If it looks bad more people might become compliant. The new norm won't be for another year.
 
Wingboy said:
A good time to be retired with no debt,with most everything in gic's.
Thinking of buying a new trials bike now that my Ossa is gone. My choice has me pretty much decided on Beta. And as fate would have it, it's made in Italy. Sigh. And of course i blew my left knee out a couple days ago tripping on the $5k stair lift i had installed for my wife. And of course Beta's are left kick start. Sigh again.
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sit on it backwards!
 
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