Over the last 30 years, the CCPA has provided alternative research and analysis that have been indispensable in exposing the corporate agenda. I don’t know what I’d have done without them.
— Judy Rebick
Issue(s): Corporations and corporate power, Economy and economic indicators, Government finance, Public services and privatization
August 27, 2009
OTTAWA—It’s time for the “shadow banking” system to come out of the closet and be regulated, just as the banks are, says a report released today by the Canadian Centre for Policy Alternatives (CCPA).
“The recent financial meltdown worldwide has been the result of a failure to recognize the basic instability of this new near-banking system,” says co-author Doug Peters, former Secretary of State (Finance) and former TD Bank Chief Economist. “The failure to properly regulate it has, in effect, resulted in a severe global recession.”