If real
estate speculation continues to boil, especially in Greater Toronto, Morneau's measures «will force more volume out of the traditional banking space and... into this unregulated space,» predicts credit market analyst Ben Rabidoux, a principal at North Cove Advisors.
It's embarrassing that after a crisis that nobody saw, government policy
continues pouring on more gas to fuel more
speculation to get things (stocks, real
estate, debt) back to the same place we were, or maybe even worse now...