I still have this big question in my mind whether the magnitude of the recent write downs are legal and above board. Whoever decided the write down amounts ... I wonder if they regret it now.
Also what does this mean 'Fairfax also reports that Australia’s big four banks are staring at write-downs in the vicinity of $250'?
Does this mean the banks are asking the same question I'm having in my mind?
If there are any crooks behind all these I hope the regulators manage to find enough evidence to bring them to justice.
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