fone geeks the media is slowly starting to wake up to them.
"Australia's banks - which are enjoying rude health and project a relatively rosy outlook - have been savaged far more than Wall Street's errant financiers even though they have yet to write off a single extra cent in bad debt since the credit crisis hit last year. At the moment, they are simply making prudent and relatively tiny provisions in case anything does go wrong."
But a lot of damage has been done in the meantime. Look at all of the negative reports over the past week alone.
CNP Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held