Perpetual backlash for Rudd - 2008-10-23 08:13:22
Gee, who would have thought?
When the government steps in and reduces risk people's behaviour changes.
I was actually surprised the opposite didn't happen in the US, when they essentially did the reverse. I guess there's already FDIC, but if some money market funds have even better insurance (no $100,000 limit) and tend to pay better interest than bank accounts why would you keep your money (of the savings variety, not the living expenses variety) in a bank?