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Canadian Banks Bailed Out

According to a new report, Canada's banks received up to 114 billion dollars in aid during the financial crisis. The report, released by the Canadian Centre for Policy Alternatives, says that CIBC, BMO and Scotiabank were at some point all in serious trouble with government support exceeding the market value of the company. The report is called The Big Banks' Big Secret: Estimating Government Support for Canadian Banks During the Financial Crisis. We speak with the author, David MacDonald.

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