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Govt's deposit guarantee put to the test
Monday 2nd March 2009
The government's deposit guarantee scheme is set to have its first test-run, as of today.
Mascot Finance will be the first company to test the scheme since its inception in October last year, after the company was placed into liquidation today, owing $70 million to 2,558 investors.
All eligible Mascot investors will get 100% of the money they are entitled to under the crown's scheme, Treasury secretary John Whitehead says.
More here................................
http://www.sharechat.co.nz/news/scne...e.php/c986abb6
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