Unfortunately, it is you who has no idea what you talking about. Average taxpayer is always on the hook in situations when some entity socializing their loses. Whether it in form of their squandered pensions funds, tax money used to bailout banks or mortgage lenders, CMHC backstop insurance, deposits guarantee fund or additional debts taken by the governments to "solve the problem" they created. Try to do some research or read some history books and then you start comprehend, that Canada or Canadian taxpayer is not unique or immune to this.