Mouse, we have these little things in NZ called "rule by law" and "private property".Quote:
Originally Posted by mouse
The Retail Deposit Guarantee Scheme was a feeble attempt, by government, to bolster confidence in the finance sector - by guaranteeing the deposits of retail investors in certain approved companies.
It is NOT a nationalisation of the finance sector.
It IS commercially stupid policy - that is not the fault of the finance sector.
It does NOT justify a significant over zealousness by public officials in enacting Statutory Management on Allan Hubbard and his wife.