Financial Standard Comments - Abernathy snubs IMF liquidity drivel Calls for further regulation and stricter capital requirements will unnecessarily shackle our liquid banks, says Clime Asset Management's John Abernathy. https://www.financialstandard.com.au/feed/latest?story=24194142 Fri, 23 Nov 2012 14:08:53 +1100 Fri, 23 Nov 2012 14:08:53 +1100 en-AU Copyright 2026 Financial Standard 5 Comment by Derek Thomas (Stdermar Pty Ltd) So let me get this right, The Commonwealth Govt borrows $30 Billion on behalf of the Australian Taxpayers to increase the financial stability of the big 4 Banks. What could go wrong. Hang on I remember one of the four big banks mentioned when the Federal Reserve was forced to reveal it's open window during the GFC.( The Australian financial press glossed over that issue.) Wouldn't it be simpler to use the massive profits they report as part of this financial buffer. Just a thought !

Reply to article

For original story, Click Here.

]]> Derek Thomas (Stdermar Pty Ltd) Fri, 23 Nov 2012 14:08:53 +1100