Quote:
Originally Posted by Big Grey Wolf
Just another concern with your TFSA and RRSp's etc Who do you give the money to, I trust bankers about as much as lawyers. Will the $$$ be their when you want to draw it out. I like to keep my retirement money in 2-3 banks so maybe some will be their when I try to cash it out.
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Ontario Health care workers fund (government) bailing out Housing Home Mortgage.
http://www.zerohedge.com/news/2017-0...althcare-worke
Watch where your $$ retirement money is invested. It might be gone.
And in case you are one of the 321,000 retirees who are nervous about your pension managers' actions, don't worry: The loan is secured by a pool of mortgages originated by Home Trust, and as everyone knows, in Canada home prices never go down.
How is this even possible? Conflict?
As Bloomberg reports, the Healthcare of Ontario Pension Plan (HOOPP) is the lender behind Home Capital Group’s C$2 billion loan ($1.5 billion) to shore up liquidity, citing people familiar with the matter.
HOOPP President and Chief Executive Officer Jim Keohane sits on Home Capital’s board and is a shareholder.
