keating coming up on lateline, page-21

Keating provided a good summary of the financial pressures
being experienced by the banks.

Unlike the Kevin 747 interview on the 730 report earlier, which contained more spin than a Warnieee delivery by backing away from any Fed govt guarantee on deposits and reinforcing the security or otherwise of the major banks

Rudd just dribbled on & on & on about the how we've got a good regulatory framework of the banks by APRA and like, but stopped well short in acknwoledging whether or not they might fall in a heap (like some of the overeas banks in recent days) and what measures if any would be taken to ensure we don't end up like the USA

These times remind me when previous Labour govts came out many times with similar messages to try and reinforce the publics confidence in the banks but unfortunatley history shows us that their have been some casualties