Distance Learning Reviews

With the government guaranteeing deposits there is no reason to get paid lower interest rates at large banks so we should expect to see a movement towards deposits in riskier financial institutions. The governments in the western world are intervening in a free market environment in a way that is unprecedented. President Bush has discussed changing accounting standards to allow a softer version of the current crisis and in Australia Kevin Rudd has declared that the Australia government will guarantee deposits of Australian banks.