a thread for all the panic merchants out there
here's a good one
"According to the latest Reserve Bank Bulletin, the Australian banking sector's exposure to derivatives was $9.8 trillion at March 31, compared with almost $13 trillion three months earlier. While most of this isn't risky, if 1per cent defaulted, it would wipe out Australia's banking system. "
If you have any more just add them to the list
You never know people might be lining up to get there money out of banks before the end of the week.
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- statements that will cause a run on the banks
statements that will cause a run on the banks
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