Finally, Australia gets its own $700 billion plan. Kevin Rudd’s government moved yesterday to slap a Federal guarantee on all deposits with banks, credit unions, and building societies. The $700 billion guarantee includes Australian subsidiaries of foreign owned banks. The government wants people to understand their money is safe in the banks. That’s why that last bit is in there. It’s designed to keep foreign holders of Aussie dollars from engaging in a run on the dollar and bringing their money home.
October 13th, 2008 | Dan Denning | 1 comment | Continued Our DR Global Editions: 
Saturday, January 10th, 2009
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The Markets
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2009-01-09 00:10 Most Comments
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Recent Comments
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Pravin, I'm pretty certain that Unpopular was being sarcastic.
John | 10Jan09 | More -
I enjoyed that, pretty funny! Thanks!
John | 10Jan09 | More -
Dear Don, hi, I reckon that you should read these 2 books: Rich Dads prophecy- why the biggest stock market ...
christina | 10Jan09 | More -
huh?. war gets people to spend?. you are clearly oblivious to the horrendous destruction of wealth that war will bring ...
Pravin | 9Jan09 | More -
Great reading Dan! I and I'm sure many others will be tuning in next week.
Ross | 9Jan09 | More -
Good call! Well, except for the death part, but something I didn't consider thats for sure
Pete | 9Jan09 | More -
Sounds like we need a good old fashioned war to get people spending again.
Nothing makes people stop saving like the ...
Unpopular Truth | 9Jan09 | More -
Don. I assume that you are located in Australia. Seek out a several professional opinions (many preliminary consultations are ...
Coffee Addict | 9Jan09 | More -
Is it just me, or are they going about fixing this all backwards?!
Take my situation. 12 months ago I changed ...
mr. pete | 9Jan09 | More -
Hi Pete, Marc Faber is a long term bear and is worth listening to in my opinion. Mind you like ...
Greg Atkinson | 9Jan09 | More
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Pravin, I'm pretty certain that Unpopular was being sarcastic.
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