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Politics : Ask Michael Burke
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To: yard_man who wrote (88823)1/25/2001 2:02:50 PM
From: Mark Adams  Read Replies (2) of 132070
 
Banks in AU don't have the FDIC program like the US. There was talk of Insurance on deposits, but some speculate that if the banks went, so would the Insurers.

I only mention this, as some believe the FDIC influences risk taking behavoir. Perhaps the Aussie banks are a bit more conservative. US Banks out number AU banks by a significant margin- perhaps the FDIC allows smaller banks to garner more deposits.
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