EMC 4.00% 13.0¢ everest metals corporation ltd

Financial institutions too big to prosecute?, page-2

  1. 5,447 Posts.
    Look a bit further at the Australian Govt bond market.Costello says he won't issue any more.So lenders have to lend to the banks?This puts them [banks]in a very strong position as supplier of money.Am I right?Would they be as powerfull as the Govt.?.....and another,I believe there is very little money[notes and coin] in circulation,which leaves us all as holders of bits of paper.Bits of paper can become trash in no time.What does Costello know that we don't?I'm sure Grant would have a view on this.
 
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