No, it's not cosy. Westpac did a mea culpa and put their hand up early. It's been pointed out more than once that you can't compare pears and pineapples. An agreement has been reached that is 'subject to Court approval'. Do you know what that involves at all? It's not some rubber-stamping exercise. If you don't know, say so.
Are you suggesting that the judiciary of the Federal Court are now in on it along with anyone who swears affidavits for the purposes of the approval (Read: partners of top tier law firms and directors/proper officers of Westpac)? Come on. This is getting a little ridiculous.
ISX Price at posting:
$1.07 Sentiment: None Disclosure: Held