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Comment: Some context

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Some context

Submitted by DriftForge on Tue, 03/19/2013 - 16:02.

Firstly, the source for the comments is a Greens MP - which basically means that everything they say is going to be a lie or a truth in the service of a lie. So take everything with a good dose of salt and look for other sources.

Secondly, the government is taking nothing - the bank is required to make good evenly out of savings. This is far less risky than deposit insurance, which basically transforms the credit rating a bank can achieve from its deposits.

Deposit insurance, at least at this end of the world, was never intended to be permanent.