example of damage which rba can cause, page-6

Hello NickR,

I've never Traded any of the BNB Stable because of the various underlining Debt positions, however I have lost badly on Stocks in the Resource Sector and I have a fair understanding of what is causing the massive fallout through the Market in general. Increased Interest Rates is the main Villian and this Mr Glen Stevens and the RBA just do not to have a balanced view of the whole situation.
Many smaller resource Companies are having trouble raising Funds. Look anound You and see how many people are suffering. The Super Fund Market Linked and Allocated Pensions are all about to be reduced because of the out of touch actions by the Reserve Bank and Mr Glen Stevens. Australia is heading into a Depression if the present RBA board continues with their out of touch approach. A.P.R.A. and A.S.I.C. should have more Teeth to control lending rather than the RBA continually increasing Interest Rates to try and slow down excessive lending practices by various Banks. Hey, have a look at this Line of of problems; Westpoint, Bridgecorp, Fincorp, A.C.R.,ABS,CNP,City Pacific,Tricom, Opes Prime, perhaps BNB Stable,etc.
Come on; get in and attack the RBA ,A.S.I.C., A.P.R.A.previous Government for believing in a completely Free Market.
Checks and Balances are needed, not just Cheques.
I feel sorry for all concerned with the BNB Stable and some short term Government action here looks needed while Interest Rates are at these levels.
Good luck to all concerned.

No responsibility taken for any losses in association with this Posting.

Regards,

moly