Every Australian concerned about bail-in should make a submission to the Senate Economics Legislation Committee by 10 July, demanding Parliament pass the
Make a submission to the Senate’s new bail-in inquiry and demand Parliament pass the amendment to guarantee our savings in bank deposits can’t be confiscated through a bail-in.
Australia’s banks were already precarious before the COVID-19 pandemic. Now they are in greater danger than ever from the uncertainties of how the economy will work as the government-funded hibernation comes to an end.
Across Australia people are trying to pull their savings from banks. So far it is a slow, silent “run”, not enough to be a systemic threat with crowds gathering outside of bank branches. But it is accelerating.
