Finance & Fury Podcast

Welcome to Finance and Fury, the Say What Wednesday edition. This week, two questions – both from John’s about banking system security  -   First John: I know you’ve spoken about this before, but would be interested to hear about if you think there could be liquidity problems with our banks here in Aus, ie a run on the banks like we have seen on TP etc and in Scotland etc during the GFC. Is our money safe in the banks, or in my case offset accounts with non bank lenders?    Second John:  Just a question I’m relation to bank savings. Do you think our savings ‘Australians’ is at risk of being confiscated if some banks were to collapse? I am aware there are Government Guarantees of up to $250k. But with huge stimulus packages in place and potential many more, would it be possible they wouldn’t be able to guarantee this?     Great questions – Run through –   Liquidity problems – bank runs –   Are your funds in banks safe? Offset accounts - Will the guarantees kick in?     Go into ma