UT, why do you think APRA wanted the bank to do a stress test with immediate effect (although the horse bolted long ago)?
Because APRA sees a housing crash as a 0 probabilty ??
Hey according to Residex, we may have a 100 year perfect storm. Why don't you call John Edwards to point out it can't possibly happen otherwise our banks are decimated.
Our banks may get get decimated from an earnings perspective. If worse comes to worst, the taxpapers all become share holders through some form of nationalisation. They are too big to fail.
