anz a dead bank walking?, page-19

there is nothing tall or poppy like about ANZ , its a very high risk prospect, folks just dont get it they see "big 4" , its a bank, banks are safe, ANZ must be safe (after all its a bank) folks simply dont look at risk or libabilities, folks dont look at balance sheets, dont understand credit default swaps....or monoline insurers, they have never reviewed banks performance in the last downturn in 1990-2, they assume management gives them accurate information, that they are transparent with their information, the turth is ANZ has a form of debt cancer that in the wrong scenario could push it to the wall, forcing Rudd to save it