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Regulatory

Mortgage funds' phantom lifeline

BY ALEX DUNNIN | WEDNESDAY, 29 OCT 2008 11:05AM

The Rudd government's plan to shore-up confidence in cash funds is a political master stroke because while it sounds terrific, it commits the government to nothing, will take months to have any impact and won't put dollars on the tables of retirees needing cash to pay tonight's grocery bill.

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