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Wednesday, May 16, 2012

''Canada’s banks received tens of billions in government support during 2008 crisis''

From wsws.org

''Canada’s largest banks received $114 billion in liquidity support from the government of Conservative Prime Minister Stephen Harper and the United States Federal Reserve between 2008 and 2010, reveals a recent report from the Canadian Centre for Policy Alternatives (CCPA), a think tank with institutional backing from the trade unions. The Canadian government support included buying up $69 billion in mortgage-backed securities and issuing attractive short-term loans to loosen up credit markets.''

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