more monolines downgraded, page-12

fair point hows this read ?

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PP they should take the "A" out of the name, there is nothing Australian about a bank whos directors let the bank run on risk management auto pilot, while maintaining a position of whats has been reported to be a case of plausible denial to the risk taken within its Insti division, there is also nothing Australian about allegedly and in my personal opinion :) potentially convoluted last minute deals to take possession and sell securities to which they are alleged by other parties to have no valid or legal title, there is also nothing Australian in the obstructive, opportunistic and manipulative way they have gone about managing the business since a British banker took over and blundered his way to a loss of shareholder value of +50% all the while accepting a pay package that he has IMO dubious justification to accept on the basis of value delivered.

Its not patriotic to support such practices, in fact Pascoe and all shareholders should be ashamed of holding and thereby giving tacit support, aiding and abetting both extremely poor banking practices, risk management and IMO corporate "rob thy neighbor" ethics and values that are not part of the Australian ethos