"i havent seen 1 aussie bank claim any govt bailout money. did i miss it.
the govt gaurantee was to ensure the aussie population didnt do a run on the banks."
Two parts of bank guarantee is:
1) For people money who deposit in local banks 2) Bank barrowings from overseas sources
I am talking about 2nd point. yes so many are going overseas for cheaper funds with help of Federal guarantee, else I don't think they will get cheap credits in current situation without Australian govt guarantee.
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