Birdwatch Note Rating
2023-07-28 13:18:31 UTC - HELPFUL
Rated by Participant: 46E688DD6CB5AC74622F4710D12311226743EDBAA85E6E2E0683F172D8894985
Participant Details
Original Note:
While creditors did not lose money, it was the Australian taxpayer which bailed out the State Bank of Victoria, through its $1.6 billion acquisition by the Commonwealth Bank of Australia, which was then still publicly owned, under Labor Prime Minister Paul Keating. https://www.theage.com.au/national/victoria/from-the-archives-1990-victoria-sells-debt-laden-state-bank-20190819-p52iml.html https://www.afr.com/policy/economy/the-inside-story-of-the-big-banking-collapses-of-the-1990s-20220221-p59y50 https://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id%3A%22media%2Fpressrel%2FHPR08020961%22
All Note Details