The case against taxpayer guarantees for bank deposits
New Zealand already has extensive government regulation to protect what really matters – continuity of the payments system.
Taxpayer guarantees for bank deposits are a can of worms. There should be a strong presumption against them.
Those who chase higher returns should bear the risks themselves. Those who want government protection can invest directly in government-backed investments or institutions.
That is the
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The case against taxpayer guarantees for bank deposits
Analysis,
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