the question is how long will be before ANZ needs to make provisions
http://www.housingwire.com/2008/11/23/assured-fsa-lose-aaa-ratings-at-moodys/
the future headline will read
ANZ today were forced to make further provisions after the downgrade of its monoline CDS counterparties, Mike Smith has faced a series of crisis since the OPES debacle started faces yet another embarrassing and has presided over the loss of billions of dollars in shareholder value while remaining oe of the highest paid executives in Australain history, the news saw ANZ shares fall below $10 on heavy volume
more monolines downgraded
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Last
$31.30 |
Change
0.000(0.00%) |
Mkt cap ! $93.59B | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | $31.30 | $30.82 | $1.204M | 39.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2 | $33.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $29.74 | 9184 | 12 |
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