So yesterday the ratings agency's downgraded all Australia's banks EXCEPT the big 4... I suspect the banks put the ratings agencies up to that to equal out the levy imposed in the budget - pathetic and anything to ensure they keep a lid on fair competition.
IMO
Oh, that's why the financials are down so much today but the big 4 relatively unscathed. So it is trade related, not entirely a political spiel.
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Morning traders May 23, page-143
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