US EditionLetter: Government bank needed as well as an insurer
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Letter: Government bank needed as well as an insurer
FURTHER to the idea of a Tasmanian government insurer and the negative response from the Insurance Council of Australia, there is also a greater need for the creation of a new Commonwealth-backed Australia Post Bank, even more so following the announcement of the closure of several branches of the Bendigo Bank in Tasmania. Naturally the existing and very profitable Australian banks would not want the Australia Post Bank to happen, saying that th…
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