Archive for the ‘Australia’ Category
Thursday, February 28th, 2008
ABC Learning Corp. has in the last few days taken on a new curriculum: teaching Austalia’s children about modern corporate finance. Topics include corporate governance, corporate disclosure, insider trading, corporate leverage and prudent expansion. This is what media tells us we may now be teaching our kiddies about corporate finance.
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Posted in When Big Kids play in the Sandbox, Australia, Games Bankers Play | No Comments »
Tuesday, January 15th, 2008
A week ago I was shocked, horrified and so on, about the Four Pillars decision to drop a billion dollar coin in that subprime mortgage pokie machine, Countrywide Financial. It sounded a discordant note in the general dirge of helplessness being played by the banks as the mortgage borrowers of ...
Posted in Australia, The Banking Crisis, When Regulation Goes Wrong | No Comments »
Thursday, January 10th, 2008
The beleaguered customers of Australia’s large retail banks are a little like galley slaves. They soldier on day after day, fed fee-infested gruel and constantly lashed by the mortgage whip, but when they have seditious thoughts, they ask themselves “If we killed the officers, who would know how to get ...
Posted in Things I Don't Get, Australia, The Banking Crisis | No Comments »
Thursday, September 27th, 2007
Due to good fortune and good financial governance, Australia is uniquely positioned to put a halt to the financial flim-flam at the heart of the Subprime Mortgage Lending Crisis. They are the only regulatory authority on the globe whose moral authority is not in tatters. The UK, the US and ...
Posted in Australia, The Banking Crisis | No Comments »