Another emergency GFC policy — the federal government’s decision to “guarantee” bank deposits of up to $1 million — is expected to be lowered in the next few months. Its reduction to between $100,000 and $250,000 could place small and medium size lenders in a difficult position.
Rmbs
Property boom could get ugly for buyers … and the government
The Australian property market has continued its merry march skywards. If the music stops, it will get very ugly for taxpayers and young buyers sucked into purchasing their first property.
WSJ weighs in with "Aussie Mac" in the making
The Wall Street Journal has thrown its weight behind an Aussie Mac in the making, writes Joshua Gans. Should Australia review its financial regulations in light of future GFCs?
What the GFC failed to teach Wayne Swan
When Washington meddled in the mortgage market, the end result was the Global Financial Crisis. So why is the Rudd government continuing to invest in housing finance — and putting taxpayers at risk?
Interest will rise as credit freezes over
Forget the election result: it will be great for the winning side. The cold reality on Monday morning will be interest rates and the gradual freezing of credit markets around the world, writes Glenn Dyer.
