Boost For Aussie Economy

Two days after calming any concerns about the banks and financial institutions with a blanket guarantee and backing for the banks’ offshore wholesale borrowings, the Federal Government has revealed a $10.4 billion injection into the Australian economy.

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US Bank Bailouts Detailed

We saw the final shape of the global bank bail-out and guarantee program overnight, our time, with the Bush Administration revealing a $US250 billion first stage to inject capital into sound, but needy groups and to guarantee some bank debt for three years.

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