Swan's snagged in a Reserve Bank beat-up

An indifferent market reaction and a look at the long-term political context reveal the Reserve Bank's 2011-12 government dividend payment is hardly problematic.

Some of the more startled members of the commentariat are suggesting that the Reserve Bank of Australia’s $500 million dividend payment to the federal government during 2011-12 threatens its credibility and, theoretically, its solvency.

Seriously, this was written in the weekend papers!


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