Canada's Bank Bailout.

Canada is in a financial debt crisis of about $64 BILLION. This is the biggest debt crisis in Canadain history.

The basic gist of what is being said is the banks in Canada are going bankrupt and in order to keep the businesses running they have rearranged the system to take the money from the CMHC (Canadian Mortgage and Housing Corporation).

As the prime minister, Stephen Harper has already stated, “this is not a bailout… this will cost the government nothing.”

How are we planning to pay out our own government, if they are not willing to come up with the money, instead they just rearrange the system in order to suit their needs. But it is not like the entire bank system is being changed. It was only changed for the big corporations so that more money could be generated. If I was to go to a bank, it would still be in the same systems as it always has been.

What really should be happening is that the government should let the banks go bankrupt and then have them owned by the people of Canada, this way our country won't be in a state of financial crisis.