All4
You make too many assumptions and from your 16,000 posts it is obvious you are quite the time waster.
Was well on top of the G20 meeting in "Brisbane Australia" as you put it.
You claim you signed the CECAUST petition along with a "lot of other people" which led to the abandonment of bail-in but now you refer to it as a doomsday propaganda site....which is it then.....propaganda site or an effective influence on political decision making....make up your mind...has the site adversely affected those same people that also signed the successful petition?
Why would I mock your $250k ...good luck to you....you don't get it.....you probably worked hard as I have for what you have....the point is it is YOUR money.
The APRA Banking Crisis Resolution Bill is 306 pages long...good luck getting your head around that....show me the legislation that in plain English categorically exempts all bank deposits not just a limit $250k from bail-in.
If you want to trust any of the current crop of politicians to look after your finances in preference to the four major banks then good luck...I suggest you speak to the 401k fund holders in the US that had their savings decimated by the GFC.
Legislation in a global crisis will not be worth the paper it is written on.
