- Tuesday, 17 July 2012
- Julian Benson
In the fall of 2008, as the financial crisis was just starting to impact the United States, the Harper government was lauding Canadian banks as the “soundest in the world.” This was to become a well-rehearsed and well-worn talking point for government and corporate mouthpieces throughout the duration of the 2008-10 recession. However, a recent study released by the Canadian Centre for Policy Alternatives (CCPA) reveals a staunchly different picture. Massive government bailouts were dolled out to the country's largest banks to the tune of $114-billion of public money being pumped into the financial institutions.