well regulated

We all seem to be forgetting that the Aussie banks have been the most regulated of the world.
They now hold the best possible ratings.
Even if theirs divvies were slashed by 50 % they would still yield better than what you can get on the money market.
Coming back down to their old lows.
Bad news in the market is always factored in miles before the event.

in 20 years of stockmarket playing i am now buying banks.

Only my opinion