Yes Apra are a bunch if a holes, yes reduce dividends to maintain capital adequacy, but we will fine you 1 billion, and we dont care what happens to you lousy shareholders after that.
Yes, the government proposes banks should join in a partnership with centrelink and reduce interest rates, give mortgage holidays, and give bad loans to keep all businesses afloat, yet keep funding APRA, so they can gouge a bit of extra money from hard hit shareholders. I think they should put the transgressions by Westpac in persoective and limit damages to those transactions which actually hurt, and forget about the ones that had the potential to actually hurt
Yes Apra are a bunch if a holes, yes reduce dividends to...
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