Yep ! Extraordinary times call for extraordinary action at Fed level amongst others ... May even find the terms of reference and operation of the SuperFund includes direct investment in the Australian Banking sector whist not its intended remit. What is happening today by the Govt. and includes the Opposition - can not fail … Who would have thought the Govt would direct successful small businesses able to cope in this Brave New World to be directed to Close ?! Worse, many of these small businesses will have their Principal using the family home as collateral to support that business ... Govt. Financial support packages will almost certainly not cover that exposure …. Back to the Bankers ... Accordingly, the Banking Sector must now be fire-proofed irrespective of the past 12+ months of Govt Bank Bashing (not that the Banking Management did not need a thorough smacking !).
WBC Price at posting:
$14.50 Sentiment: Buy Disclosure: Held
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