It seems to me that a lot of hyperbole is being spouted on this thread. If a run on an Australian bank was started the Reserve Bank would stand behind that bank and throw money in to the system just to stem the flow. In the past they have even lined up another bank to take - over the bank incurring a run. It would get a very fast tick from the ACCC because to do otherwise would imperil the whole of the banking system and inflict a body blow on Australia's economy. But having said that, I would like to see a merger between ANZ & NAB - everyone of Australia's banks have in the past,all made huge mistakes and it will happen again in the future. As John Stewart said, the NAB lent to AAA rated clients and not to do so would mean they would not have lent a cracker to any Australian firm as none of them are triple rated.
