Will they allow Macquarie Group, or what is called the Albo Marles Baning Group after their lending to Albo’s Defense Minister, to be sold into Cronywealth Bank as it appears Macquarie might be in some capital difficulties after Friday’s results and require some sort of bail out?
How would Macquarie survive? It may not be popular. there are some IMHO misguided beliefs that MQG is systemically important but I doubt it.
Then th uestion becomes, who could MQG be incorporated into? CBA. ANZ? hardly Paedopac Bank and no way could Nab be given it.
Would it be CBA or ANZ to get MQG? What would happen to the frauds, scams, money laundering and market then?
CBA Price at posting:
$99.93 Sentiment: Sell Disclosure: Not Held
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