If the regulators go after CBA and make a Cronywealth Bank a difficult thing not only to make profits but to get an approved reduced dividend out of it, CBA could really plummet when the regulators curtail the dividend.
Macquarie Bank shorts, affected by the Nuix scandal, and the money laundering scandal prone flagging SP of Paedopac Bank still just barely above $20 AUD, make CBA a very risky proposition if Albo’s wolves of regulators get going.
ASIC fangs could be nasty and AUSTRAC folk becoming serious could spell real trouble.
CBA Price at posting:
$98.25 Sentiment: Sell Disclosure: Not Held
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