"Canada Hasn't Seen A Bank Run Such As This In Decades" - Finance Minister Says Home Capital Bailout Is Possible
!["Canada Hasn't Seen A Bank Run Such As This In Decades" - Finance Minister Says Home Capital Bailout Is Possible "Canada Hasn't Seen A Bank Run Such As This In Decades" - Finance Minister Says Home Capital Bailout Is Possible](https://5ux.com/sites/5ux.com/files/styles/medium_250/public/resize/remote/00f92deaadb2c82e04a0159a8859118d-500x263.jpg?itok=HyixZbJo)
When we first said three weeks ago that the spectacular, sudden implosion of Canada's largest alt-lender Home Capital Group or HCG - whose fate we had followed closely since 2015 - was Canada's own "New Century Moment", the parallels were more than just the obvious: like in the US, it took the market nearly a year to realize the full implications of the subprime collapse which first manifested in the failure of New Century and its subprime lender peers.