Is Rudd right to rescue the banking sector?

eFC logo

Are you feeling better about the safety of your investments, not to mention your job, following the Prime Minister's recent pledges?

The Rudd government has promised to guarantee all deposits held with Australian financial institutions, but is this enough to protect local banks from the spreading global economic crisis?

It's also planning to pump AU$10.4bn into the economy, but will all this money prevent Australia sliding into recession?

Is Rudd right or should the state stay out of banking? Give us your views on the great Aussie protection plan.

Close