Re: Rudd, I'm pissed off aren't you?
Why would he paint himself into a corner. Rudd is very very far from the first politician or PM that wanders around answering a question, so the asnwer is not rammed down his throat a few weeks later when something happens to make his previous statement/position false or untenable.
Why would Rudd make a guarantee that would by nature be very dependent on how any bank failure occurred. If it was clear that only one bank was going to die due to bad lending/investing practices I very much doubt the gov't would intervene - however if the malaise was more widespread I very much expect the gov't would intervene to ensure the operation of our economy and financial system. The expectation to give a simple answer to what is a very complex problem (not conveyed at all in the question) is a little silly imo.
Also, if he says they would step-in, than people would jump down his throat for saying our banks are safe - to say he wouldn't intervene in a major failure would be idiotic...
Good pick up Julia - Why doesn't the media run with this , are they so clueless that they just haven't picked it up ?
Why would he paint himself into a corner. Rudd is very very far from the first politician or PM that wanders around answering a question, so the asnwer is not rammed down his throat a few weeks later when something happens to make his previous statement/position false or untenable.
Why would Rudd make a guarantee that would by nature be very dependent on how any bank failure occurred. If it was clear that only one bank was going to die due to bad lending/investing practices I very much doubt the gov't would intervene - however if the malaise was more widespread I very much expect the gov't would intervene to ensure the operation of our economy and financial system. The expectation to give a simple answer to what is a very complex problem (not conveyed at all in the question) is a little silly imo.
Also, if he says they would step-in, than people would jump down his throat for saying our banks are safe - to say he wouldn't intervene in a major failure would be idiotic...