WBC 1.86% $30.14 westpac banking corporation

wat a load of $#! "blame apra" blahblah blah. these guys sit in...

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    wat a load of $#! "blame apra" blahblah blah.

    these guys sit in apra's pockets. wouldve known years in advance what the requirements were and adjusted accordingly.

    no, this has to be something bigger. u dont dilute holders and raise $2.5bn for nicks.

    im spec'in:
    1. this is a strategic war chest to diversify their income streams post wealth mngt hit or
    2. they know something has gone sour in the books / will go sour, building a buffer to weather the storm.

    no-one in their right mind raises $2.5bn just as a "buffer"....if scenario 1 plays true, well done for them, if its scenario 2, nasty things are dead ahead.

    either way, gltah, ill sit this out and watch with "interest"


 
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