Funny thing is, the financial press is silent on why this Canadian company is "troubled: because they misreported some issues about mortgage fraud. I have written about this before, and most people don't get it, so I wrote about it again. It is not fraud against the borrower, but against the bank. So $2 Billion in bad loans are made, the criminals paid by the loans (sellers of homes with padded prices) take the money and run. The bank is stuck with a home worth less than half the value of the loan. This to me is another sure sign of a bubble-in-the making. It is Ft. Lauderdale, 2008 all over again.
By the way, the complexities of mortgage fraud and people's unwillingness to learn about it and unwillingness to even understand it when explained to them is why I say never invest in something you don't understand. And we don't understand much in this world, as the press reports things at an 8th grade level, if that. Details are deemed "boring" and "messy" and will turn off readers and viewers. You still sure you want to get your info from the financial press?
This insures that my retirement is secure and I won't run out of money.
Of course, if I was a stockbroker and gambling with someone else's money that would be a different story!