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October 29th, 2008

James Fridley: Kevin Rudd’s lifeline to frozen funds | The Australian (via FriendFeed)

October 28 at 3:40 pm - Comment - Like
This move by Kevin Rudd has really made me smile this morning. Criticised by the opposition for going to far on the guarantee, and by the investment banks for not going far enough, last night's speech by Kevin Rudd showed him maintain a strong grip on the direction he is going with this policy, while providing an opportunity for investment organisations get on board. I am smiling as the is a double whammy. Not only will it provide an opportunity for investment organisations to be covered by the guarantee, it will mean that they would have to transform into more highly regulated organisations. - James Fridley

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