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[return to ""Fake Chinese income" mortgages fuel Toronto real estate bubble: HSBC bank leaks"]
1. beille+dg[view] [source] 2024-02-06 18:55:31
>>eswat+(OP)
All sounds very plausible, but where are the effects of this? We should be seeing many people holding mortgages at HSBC not able to pay. Are there no public stats showing how many lack of payments being made to HSBC? Is HSBC going to hold on to these properties taking massive losses? For how long? It has definitely helped the run up of prices here. It will also help the collapse of prices as well, either that or the collapse of HSBC. Maybe the effects take a very long time to manifest. Lets hope it's not too long :)
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2. ABCLAW+bk[view] [source] 2024-02-06 19:09:51
>>beille+dg
> We should be seeing many people holding mortgages at HSBC not able to pay.

Not really. Lying about the source of cashflow doesn't mean the cashflow isn't real.

The end objective for a lot of these frauds isn't to sink the bank with fake loans. It's to launder money.

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