@MI. You are making a moral judgement and not an economic judgement.
"If banks are to fail, let them." you said on your other piece.
"Such profound disrespect for humanity."...
So one of the benefits of getting the best candidate to head the CBA is to prevent your 2 callous lines.
If the CBA failed then over 10,000 jobs could be lost. So by demanding that they be allowed to fail you are being disrespectful to those 10,000+ employees. You are disrespecting their humanity from maybe bitterness?
OK OK. I know the arguments against bailing out the banks and don't want to go there etc. I'm just pointing out that the CBA needs the best leader to safeguard their employees jobs.
your analysis could be to pick Wayne Swan because he is cheap and banking is not hard. Very superficial.
