Australian (ASX) Stock Market Forum

This Bank guarantee thing.....

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11 October 2008
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Hi all, so therefore the likes of ADB/BEN are as safe as
the big 4. ADB are/were the bank behind Leveraged Equities so
was wondering how this crisis would affect funds used for margin
trading, was thinking of using them to daytrade the long side
for a while?
 
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must be more regulation to come,
to level the playing field .. min dep on houses...common interest rate etc or else there will be a run between banks instead of to cash and safest banks...
 
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Please correct me if I'm wrong but I assume the guarantee is only for the principal in your account, not any interest that would have been payable?
 

Prospector

Not a scaredy cat anymore
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Once the interest is paid into your account is belongs to you. Future interest? Well, if it is that bad that a bank goes belly up as long as I get what I can see in my account then I would be grateful to just get that.
 
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