Government bank guarantees..are worth the paper they are written on...about 1c...
But it gives everyone a warm fuzzy feeling....
If their was a colapse in the economy, so bad that the banks could not honour the deposits....where would the government get the money to pay back the depositors...
i may as well give the same guarantee....it means nothing if the crunch came... but the government charges the banks a levy for the privelege
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- guarantee only as good as the guarantor
guarantee only as good as the guarantor
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