WBC westpac banking corporation

Westpac's $1,000,000,000 AUSTRAC Settlement?, page-259

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    A bank guarantee provided to the banks is clearly a bailout. Any suggestion to the contrary is false, a perversion of history and clearly misinformation.

    You cannot argue against the fact that a guarantee was provided by the Treasury to the banks.

    Clearly there is no argument as a bailout was clearly provided in the form of a central bank/ Federal Government guarantee.
    Last edited by JCoure: 28/07/23
 
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