Remember GMH ?
When the government said no more free money to boost their profits, they collected their bat and ball and went home without a backward glance
The US is also under great economic stress so what happens when one of those too big to fail US banks needs to tighten their belts and rein in expenses ?
They will close their Australian options without a thought
So think again if you will be affected, and have you checked as to who owns your small bank ?
