the big banks' big secret
Post on 17-Oct-2014
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DESCRIPTION
The following graphs, ordered by their peak relative support, examine how much each of Canada's big banks took in government support during the financial crisis. The black line shows how much the support was worth as a proportion of the banks stock market value. If it rises above 100%, that bank was receiving more support than the value of all its shares. The coloured sections show the actual value of the support from the three programs: the Bank of Canada, the U.S. Federal Reserve, and the Canada Mortgage and Housing Corporation.TRANSCRIPT
The Big Banks’ Big SecretEstimating Government Support for Canadian Banks During the
Financial Crisis
By David Macdonald, CCPA Senior Economist
http://policyalternatives.ca
