Created: Saturday, 25 October 2008
Written by Ricardovitz
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.
Economic Correspondent: Ricardovitz