Do you think our deposit savings are safe? Simple question and it goes to the heart of whether this state can afford the deposit gurantee if it ever needed to be called in. Say for instance the IMF had mto come in here, which at this stage is not beyond the realms of possibilities. Since our banks are costing so much, is it inconceivable that the IMF, as part of its set of conditions, required the banks to write off X% of deposits held. This would then surely require the bank guarantee to kick in. Does the government have the resources to make good those guarantees? I suspect not.
What do you think?