Bank safety belt or strapping belt?

It would be difficult to argue against a bank levy introduced as a proper insurance scheme, but it's likely that’s not what Kevin Rudd has in mind.

At face value, the levy on banks to pay for the government guarantee of deposits being mooted today doesn’t look unreasonable, albeit that it is occurring amidst the Rudd government’s mad scramble to raise cash to preserve some semblance of fiscal responsibility in the lead-up to the election.


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