Part 2 of 2 Malcolm Turnbull on 7.30 Report 22.10.08 Financial Advice Videos Finance Advice

Part 2 of 2 of Australian Federal Opposition Leader Malcolm Turnbull speaking on ABC1s 7.30 Report, Wednesday October 22. Turnbull is criticising the Australian Federal Government and Australian Prime Minister over the details of advice and communication regarding the Reserve Bank of Australia over the Federal Governments bailout of the Aussie economy in the face of the Global Financial Crisis particularly the issue of Australian Bank Deposit Guarantees (BDGs). Turnbull says BDG, if not capped at right level, could cause turmoil for Aussie economy. Turnbull says Rudd and the Australian Federal Government rushed its $10.4B Aussie economy bailout and BDGs decision. Turnbull says he does not support the unlimited BDG fee, which he calls just a new tax. Turnbull is asked to clarify the Federal Oppositions policy on BDGs but Turnbull says he wishes to get more detail from Australian Reserve Bank Governor Glenn Stephen of the advice Stephen gave on the BDGs to the Federal Government.

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