nab and westpacs secret bailout revealed?, page-3

betman

Really don't want to defend the Australian banks (about the last thing I would do) but you will find a number of banks on that list that never needed any bailout money from their respective governments .. e.g DB or Credit Suisse. But it just shows that a lot of this cheap FED money is essentially used for purposes other then the intended or stated ones by the FED. It also shows that Australian banks do have access to cheap money ..... I mean 0.6% is not bad, considering you can put it into an RBA overnight account for 4% and more.