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theguardian.com
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Australia's Banks' Implicit Bailout: A Costly Guarantee
Australia's major banks benefit from an implicit government bailout guarantee, costing taxpayers billions annually; a current levy generates only $1.7 billion yearly, far less than the estimated value of this insurance, which experts propose increasing to improve competition.
Australia's Banks' Implicit Bailout: A Costly Guarantee
Australia's major banks benefit from an implicit government bailout guarantee, costing taxpayers billions annually; a current levy generates only $1.7 billion yearly, far less than the estimated value of this insurance, which experts propose increasing to improve competition.
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