"now the bank needs more AUD to pay back the USD"No wayWhile I...

  1. someoneelse
    131 Posts.
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    10/10/08
    19:35
    Post #: 4374226
    "now the bank needs more AUD to pay back the USD"

    No way

    While I think the banks are complete idiots for lending at 100% LTV ratios, they're not stupid enough to borrow in USD or Yen to lend in AUD without hedging the exchange rate risk.

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