The Canadian Banking system is an oligarchy akin to a model where the US only had only too big to fail banks. In Canada all the big 6 banks are too big to fail

The Canadian Banking system is an oligarchy akin to a model where the US only had only too big to fail banks. In Canada all the big 6 banks are too big to fail and they hold disproportionate power over the government. As an example, during the great financial crisis the Canadian taxpayer bailed out the Canadian banks to the tune of hundreds of billions of dollars, only this was done in secret.[0] The Canadian government blatantly lied to their citizens and pretended there was no bailout. To this day most Canadians are unaware the Canadian banks were bailed out at all [0] https://macleans.ca/economy/business/the-real-canadian-bank-bailout/ https://macleans.ca/economy/business/the-real-canadian-bank-...