AUSSIE BANK CRISIS

Created: Saturday, 25 October 2008 Written by Ricardovitz
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Bruder Possum is at thar end of his rope....

AUSTRALIAN BANK CRISIS; DISTRUST WHICH HAS CHECKED A VERY PROFITABLE BUSINESS. Deposits, Amounting to Over $11 billion dollars, Found Investment in Australia at High Rates.  Investors' Discoveries of Poor Loans There Leads to Runs o­n Local Branches.   Failures Following Caused by Uneasiness in England, US, Germany, and Other EU Nations.  Withdrawals by English and Scotch Investors Adding to the Trouble.
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Economic Correspondent:  Ricardovitz