"Such a move by Rudd would be counterproductive.He would have to...

"Such a move by Rudd would be counterproductive.
He would have to set a limit of the guarantee..
Say he would set the limit at $49,999.00.
Those with deposits higher would rush the banks and withdraw.
Those with lower amounts would get very worried and also rush the banks.
Hence: Steady as she goes."

but it would mean you could open a few accounts and spread it around rather than MANY @ 20K. assuming you have more than 50k in the bank etc

was thinking this morning what do you do, bank cheque is no good if the bank still goes belly up, cash is not safe at home IMO, which bank to put it in???

well just leave it in the stockmarket lol