there's a young bloke on here
@JCoure that screams about AUSTRAC and the royal commission that's going to cause CBA to collapse. He's been burnt at least a dozen times trying to short CBA.
I've always told him CBA and the other big banks are so big and powerful within the Australian economy, they've got everyone by the short and curlies.
So even if CBA or the other big banks were full blown criminal enterprises all the Government would be willing to do is offer a slap on the wrist. In my head if the situation was personified, CBA is a mob boss holding a gun to the head of a drug junky (the Australian economy hooked on propadee investing) and CBA is screaming at the regulators saying, "go on, do it, do it and I'll blow their brains out, hahaha"
(20min delay)