opes, page-95

As an ANZ middle manager who has kept quiet through these difficult times I can only endorse your thoughts nortiba.

Its a matter of risk versus profit.

The opes clients were taking upon themselves too much risk and the benefits were spurious to say the least.

ANZ is only being sued as it has deep pockets.

ANZ is a great company, an Australian icon and will survive this short term glitch.

anzforever


in the scheme of things,given the worldwide turmoil in financial markets,how important is the opes event except to those personally involved,the financial markets must have been broadly aware of growing systemic risk in the worlds financial system,and hard times require hard decisions,i doubt any really envisaged the breadth and depth of our current worldwide problems.

so please opes clients,your continued posting on the anz thread is becoming very tiresome given the other systemic risks banks are exposed to,fx markets being a big one in my
view , their would be many holders gazing in disbelief at the current sp.,and who knows what risk div. face.

so opes clients please develop some sense of realism its no time for high order idealism,this for many will be a struggle for survival.