Watch ‘Mr Bates vs the Post Office’ on Channel 7 and 7Plus, 14 and 21 February
Last week was the global launch of “Banks gone everywhere” by Lakka Cash, a new take on a classic Aussie song.
When the government and financial authorities assure you your deposits are guaranteed, don’t believe them. They have proven time and again that in a financial crash they will put the survival of banks and their powerful owners first.
Are federal MPs willing to vote for a bill that could allow the deposits of their constituents—individuals, businesses, non-profits—to be confiscated to prop up a failing bank?
“A ticking time bomb!” That is what outgoing Australian Securities and Investments Commission (ASIC) boss Greg Medcraft last week called the bail-in bonds, a.k.a.
