sounds simple , page-12

What's pissing me off about Australian banks is that the fact that we have had no direct sub-prime exposure and had no write-downs.

Yet our stocks have been trampelled on as badly as global peers.

Canadaian banks on the other hand have had write-downs yet the stocks haven't been hit that badly, Royal Bank of Canada - has fallen from $61 and is hovering between $48-$52.

Commonwealth, which has had no losses and has the strongest balance sheet on the other hand, is looking pretty weak testing $40.

Although I'm a long-term trader it's really pissing me off how our banks follow what the US banks are doing, it simply should not work like that.

I'm thinking a lot of international funds are indiscrimately selling off banks worldwide and going short too.

This is just douchefull.