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Playing with risk - A smart move?

Tuesday 14th of October 2008
The launch of the deposit guarantee scheme may be smart politics from the Labour-led government but you have to question the practicalities of it. It seems to have some pretty big flaws. What’s more, people like RBNZ governor Alan Bollard acknowledge that, but are happy to live with them. The two issues I have are that governments shouldn’t be underwriting the risks in the market. Perhaps...
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