Archive for the ‘Australia’ Category
Wednesday, July 16th, 2008
In the 21st Century there have been four archetypical ways of making a living as a bank.
First there has been the way with which we have become most familiar since the crisis. Find the best scam the bank regulators are passing out and push it to the max. This was ...
Posted in Australia, The Banking Crisis, Bank Management | No Comments »
Wednesday, July 2nd, 2008
It has been clear since the outset of the Credit Crisis (see “Mortgage Debt Crisis,” September 10, 2007 post, this blog.) that the investment banks were going to be regulated by the Federal Reserve. Secretary of the Treasury Paulson set a four year deadline to implement his then unspecified “update” ...
Posted in Australia, Games Bankers Play, The Banking Crisis, Polticial Decisions Affecting Banking | No Comments »
Tuesday, May 13th, 2008
It was semi-prophetic the way that the big four Aussie banks announced to the world months ago their robust and healthy capital positions, leaving them well placed to secure the smaller, struggling financials when the sub-prime turmoil ended.
I began to wonder soon after, however, whether this was nothing more ...
Posted in Brad Creighton's View, Australia, Bank Management, Polticial Decisions Affecting Banking | No Comments »
Friday, March 14th, 2008
For as long as I can remember, Australia has been trying to mimic the U.S. Australians watch what Americans watch; eat what they eat, and as soon as we get word of the latest fashion craze in Orange County, we wear what they wear. Even in matters far less trivial ...
Posted in Things I Don't Get, Australia, Markets Matter | No Comments »