Australia's largest stock trading and investment forum Australia's #1 stock forum

Yes and you're missing my point. Put it another way, if it's all...

First 47 Last

Share
Profile

Follow
dolcevita

30,256 Posts.

1816

01/06/16

13:58

Post #: 17923819
Share

Originally posted by All4One ↑

dolcevita

I guess you missed the part where I said in Australia the government has guaranteed all deposits up to $200,000 aud per account in the event of a bank collapse.

The bank can take other accounts of a different nature but ordinary accounts up to $200,000 aud are guaranteed.
That is a bailout right there if you think about it.

This does not limit the government from further bailout of the bank.
That is the legislation in place in Australia.

Expand

Yes and you're missing my point.

Put it another way, if it's all bailouts, then why the limit?

Clearly it's there to protect the government's exposure to depositors which might have to salvage the bank, it is NOT to protect the punter who needs to get his or her money back. Not by a long shot.
Upvote

Reply

There are more pages in this discussion • 18 more messages in this thread...

First 47 Last