Bank health no gauge

By Letters to the Editor
Updated January 16 2018 - 11:12pm, first published August 20 2013 - 3:00am

Why does Jack Wiles (Letters, August 17) think that bank profits are a measure of a healthy economy? If the banks are so healthy, why are Australian citizens being charged a levy on their deposits, which will then be used to bail the banks out if needed? Of course, if you deposit more than $250,000 at a time you won't be charged the levy.

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