25th July, 2014
Tell Financial System Inquiry: NO to ‘bail-in’ of bank deposits!
The Citizens Electoral Council calls on all Australians who oppose the “bail-in” seizure of bank deposits to prop up too-big-to-fail banks, and instead support a Glass-Steagall separation of real banking from financial gambling, to make that loud and clear in a submission to Joe Hockey’s Financial System Inquiry.
The deadline for the second round of submissions to the FSI closes on 26 August; FSI chairman David Murray’s Interim Report released 16 July called for more submissions on the issue of too-big-to-fail (TBTF) banks, bail-in and alternatives including Glass-Steagall. Murray posed two questions for more discussion:
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