The federal government is finally withdrawing its guarantees to banks and the state governments that allowed both groups to have a good recession. The measures kept our banks alive, but they gave the Big Four too much power.
Bank guarantees
Let’s never guarantee the banks again
Yesterday Wayne Swan finally abolished bank guarantees for new borrowings, put in place at the height of the GFC. It’s a policy we never needed to have, writes Peter Swan.
Bank guarantees: better read the fine print
Malcolm Turnbull should take his share of the blame for any problems that beset the bank guarantees plan, writes Michael Pascoe.
