We learn something new everyday...
I didn't realise the government had put in place a protection ceiling for up to $250K across all deposit taking institutions. Something inside me thinks this is like protecting the poor performers but given history it is more about protecting those that don't do their own diligence in terms of investment risk.
Either way we have had some shocking financial entity train wrecks that has decimated many people. I am in two minds as to whether this is good or bad.
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