Added: Aug 4, 2008
From: ofInterestNZ
Duration: 4:11
Panel 1 Big banks are safe Tightly regulated by RBNZ Plenty of capital Well diversified Strong shareholders Panel 2 Government would step in But deposit insurance needed Make risks, costs explicit Should apply to all deposit takers Finance companies, Coops
Channel: News
Tags: analysis commentary commercial documentary gotcha! grassroots news outreach political
Rating: 5.00 (7 ratings) Views: 212 Comments: 2
ShilgenVens Says:
Aug 7, 2008 - "to big to fail".... hhhhmmmmmm
PeakOilNZ Says:
Aug 5, 2008 - Thanks Bernard - good through provoking material. Would have to agree an Insurance scheme for deposits would not be too much to ask - we have one for Earthquakes, Landslides funded by Fire Levies on our houses (well - up to 100k). It's not a monumental mindshift to have one for funds in the bank.