The Australian government and major-party politicians have one response to concerns that bank deposits could be “bailed in”: don’t worry, you’re protected by the $250,000 Financial Claims Scheme (FCS) deposit guarantee.
One Nation Senator Malcolm Roberts said in a 27 October appearance on a special live webcast of Martin North’s Digital Finance Analytics program, “The Fight Against Deposit
Australia’s most experienced advocate for victims of predatory bank lending has slammed as “insane” Prime Minister Scott Morrison’s policy to lower bank lending standards to boost economic activity.
