Any politician who tells you the government’s $250,000 deposit guarantee protects you from having your bank deposits “bailed in” is wrong. Treasurer Josh Frydenberg’s budget papers prove it.
For the next two months all Australians concerned about the security of their bank deposits should flood Senators from the major parties with calls and emails to demand to know why they oppose clarifying the law to ensure deposits cannot be “baile
The Senator who gave Australia “bail-in” is now leading the desperate effort in the Morrison government to block the bill that would absolutely ensure deposits can’t be bailed in.
What should have been a simple task of producing an inquiry report asserting the government’s position that Senator Malcolm Roberts’ bail-in amendment bill is unnecessary is suddenly far more complicated.
