Great stuff Jan. Incentivized fraud indeed. Goldman still made money with the fines. It is the TBTF phenomena, that is why we don't call it fraud, nor do we admit the basic fraud in the Ways of the Wank. It is like Trump's claim that he could kill someone In broad day light on Broadway and getting away with it. When it comes to Canadian banks, I wonder with their purchase of US banks (e.g., BMO Harris and West Bank) do they still follow Canadian rules, of are they immune now?

PS: Maybe you should explain that there are now 30 year fixed rate mortgages in Canada.