Study Reveals Secret Bailouts to Canadian Banks

Published on Apr 30, 2012


”Our politicians are on the global stage touting the soundness of Canada’s banking system, where at the same time three of Canada’s banks were at some point underwater.”

David Macdonald of the Canadian Centre for Policy Alternatives explains the think tank’s report that found Canadian banks received secret bailouts during the 2008-2010 financial crisis.

(PDF) The Big Banks’ Big Secret: Estimating Government Support for Canadian Banks During the Financial Crisis

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