If people, here bothered to do some research they'd see that the article re-'loan applicants lying on loan applications'
It came from UBS , who are in bed with Magellan . Their S&P MLP Index (some ETRACS leveraged index ETN, whatever that is?) has Magellan as one of their funds. Just as Magellan Global trust are promoting big time thru NABTRADE (Mark Todd interview) and other places - and, they are closing very soon, isn't it convenient to push an article thru the bank bashing ABC (another rookie journo) to get investors to move over from the Aussie banks (in particular, CBA) to invest in their Global trust fund which closes very shortly!
Tony Farnham and Franchesco ? (on SKY with Carson yesterday), also said it wasn't worth consideration and laughed at the article. Absolutely nothing new! Franchesco said banks have doing that since 'Jesus was playing full back for Jerusalem!' (you gotta love him! )
Keep the shorting going, we're going to love the squeeze later on!
Weren't you predicting somewhere in the 60's, or was it low 70's??
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