Well well well, seems Turnbull is on the right path on this one.
Why would Rudd/Swan disregard Treasury advice knowing that implementing a 100% guarantee would cause distortions in the financial markets and cause even greater upheavel and yet still proceed with the plan.
Only to think about changing it to what it should have been at the start. Seems Rudd/Swan (old flip and flop) have no idea what is happening.
Seems Kevin Rudd couldn’t cross the road to talk to the Reserve Bank Governor about the crisis at home, but he can cross an ocean to talk to foreign big shots about the crisis everywhere else:
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rba governor sounded deposits warning: report, page-3
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