> Canada has like 40 banks and strong regulation has kept them out of crises like in 2008 Canada secretly bailed out their banks to the tune of $114 billion CA

> Canada has like 40 banks and strong regulation has kept them out of crises like in 2008 Canada secretly bailed out their banks to the tune of $114 billion CAD in 2008. If you compare Canada's secret bank bailout to the US equivalent on a per capita basis it looks even worse. [0] The reason we didn't hear about it at the time is that the big 5 Canadian Banks have so much power over the government and the media that they were better able to control the narrative. Concentrating power in the hands of a few banks is a bad idea. [0] https://www.cbc.ca/news/business/banks-got-114b-from-governments-during-recession-1.1145997 https://www.cbc.ca/news/business/banks-got-114b-from-governm...