What’s Happening – Weekend Edition: Sunday, May 06, 2012
Canadian Banks Received A Bailout
A recent report published by a Canadian think tank, the Canadian Centre for Policy Alternatives, points out that the “liquidity support” provided by the Canadian government for Canadian banks from October 2008 to July 2012 was actually more like a bailout and a lot higher than the government admitted.
Canadian Banks Did Not Receive A Bailout
However, many economists believe that the Canadian banks did not receive a bailout and the above report was a propaganda by the leftist think tank. Canadian government did set aside $200 billion dollar to help businesses in Canada – it was no secret and approved in budgets. Read more on this here: Bank Bailout Claim Pure Propaganda