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SYDNEY -- Australian Prime Minister Kevin Rudd said Sunday the government will guarantee all bank deposits for a period of three years.
It brings Australia into closer alignment with other countries that have recently put in place their own bank-deposit guarantees as part of efforts to combat the escalating global financial crisis.
Originally posted by Chadwickus
the National Bank Just bought out Bankwest for $2 billion last week, I doubt they would do that if they thought they might be going under.
Originally posted by Sloth
True, but i'm still not sure where any of the money could come from. Isn't the governments funds invested in the same way that ours is, through the financial market?