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Bye Bye Government Bank Guarantee

Discussion in 'The Economy' started by AsxBroker, 21st Oct, 2009.

  1. AsxBroker

    AsxBroker Well-Known Member

    Joined:
    8th Sep, 2007
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    Location:
    Sydney, NSW
    RBA looks at end of debt guarantee
     
  2. Chris C

    Chris C Well-Known Member

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    2nd Apr, 2008
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    Location:
    Brisbane, QLD
    LOL - Suncorp... they would ask for an extension because without the guarantee people will again start thinking about whether Suncorp is a safe bet.

    I really hope the government pulls it finger out of the financial market and lets the bank sink or swim - it's the only way they will learn and they have had long enough to sort themselves out.

    Plus I know I personally don't want to be liable for the banks over zealous lending practices, which is all the government guarantee essentially is.