WES 0.38% $67.55 wesfarmers limited

comments by michael west

  1. 6,716 Posts.
    http://business.smh.com.au/business/wesfarmers-to-tap-market-20090121-7mi5.html?page=-1

    Comments by Michael West concerning likely WES rights issue

    .....

    "Like Futuris, Wesfarmers is covered by the shorting ban thanks to it owning a financial services business (insurance). The Government acceded to lobbying from the banks and extended the ban until March 6. That decision won't enhance Australia's reputation on global markets."

    Won't enahance Australia's repution ??

    Well if the market manipulators, and hot-money economy-wreckers take their funny business elsewhere , GOOD RIDDANCE.
 
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