The NAB will make an announcement relating to major internal...

The NAB will make an announcement relating to major internal fraud and its bad loans book. I alluded to this position a long time ago. More than a year for that matter and for the record.

The current management I believe are serious about putting the past to rest and move forward. However it is a corporate culture thing that the annointed and the club house comes first.

There has been a significant level of collusion between 2 major legal firms, an accounting giant and 4 corporates and of course memebrs of the Board leading to some very very sad results. It has been concealed till now (or recently).

I believe the bank will break the spell and do the right thing but not before making threats against people who post prior to their own public confessions.

Will it affect the share price. I believe it will but not to the extent it should. Major institutional shareholders always protect their investments better and we shoulder the risk.