hi justis
Australian banks are backed up by the government so your money is safe.
I don't fully agree that they would honor that commitment as the government also has huge "off the books debt" the guarantee is for a limited amount and the practice of overseas banks is that they just shut the doors and limit what you can have so if property dropped 80% you may not be able to get your own money to take advantage of the opportunity
Also Australian banks have a legal right to take a portion of your funds to pay their debts
Banks started going backward when they sacked all the experienced staff and put uni grads in their place. People who run banks now don't have the ability to run a fish and chip shop successfully
- Forums
- Lifestyle & Travel
- Which bank...?
Which bank...?, page-8
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O’Donovan, Executive Director
Gerard O’Donovan
Executive Director
SPONSORED BY The Market Online