rba governor sounded deposits warning: report, page-31

It is obviously too basic for old Kev and Wayne (Kerr) or they would have included it in the first place.

But instead they over looked it and now have to dress up as flip and flop AGAIN.

The whole idea of this in the first place was to match overseas guarantees so money did not go off shore and leave Australia financial institutions cash starved and create an even bigger disaster.

Putting $100k limits on the guarantee would still see the big $'s go overseas into guaranteed bank account deposits.

You seem to be overlooking the basic under lying fact of the guarantee.