Drumbeats of a Meltdown, page-3

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Dazedandconfused

7,403 Posts.

2025

21/10/14

17:52

Post #: 14158209
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Originally posted by timber1956 ↑

I am very reluctant to do a hatchet job on a civil servant.

For many years I worked in banking and had a lot to do with staff in the RBA and APRA at various levels. For the most part they were diligent and capable at their jobs, and in some were the unsung heroes who badgered Australian banks in Basel II compliance which was major factor in cushioning the Australian banking system from the worst of the GFC.

But being good central bankers and good regulators doesn't make you a good trader or investor.

I don't think that I would hand control of my investment portfolio to someone who has never had his hands dirty:

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Originally posted by timber1956 ↑

I am very reluctant to do a hatchet job on a civil servant.

For many years I worked in banking and had a lot to do with staff in the RBA and APRA at various levels. For the most part they were diligent and capable at their jobs, and in some were the unsung heroes who badgered Australian banks in Basel II compliance which was major factor in cushioning the Australian banking system from the worst of the GFC.

But being good central bankers and good regulators doesn't make you a good trader or investor.

I don't think that I would hand control of my investment portfolio to someone who has never had his hands dirty:

Expand

Hi timber

Why are you bagging Debelle and on what grounds? His CV, which you present, is 26 years experience .... what do you see in it that disqualifies his opinion?
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