Peter Julian at the Finance Committee

On May 17th, 2021. See this statement in context.

May 17th, 2021 / 3:10 p.m.

NDP

Peter Julian NDP New Westminster—Burnaby, BC

Thanks, Mr. Chair.

We haven't talked about the net of assets in terms of loan loss, and I'm quite stupefied by this. Did I hear correctly that 100% of assets in the case of a loan-loss provision or guarantees go to the banks, and then whatever is left over is picked up 85% by the federal government?

See context to find out what was said next.