Hi Par
A little reading for you
From memory the bank exposure ( the big 4) is about 40Trillion dollars
That is not a typo Trillions is the term
So IMHO that is a sword hanging over the head of the Australian banking system
Are Aussie banks safe -- no way
More
This 2004 chart of the derivatives of the big four banks, seven years after the CEC’s original 1997 chart, revealed massive growth in the exposure of NAB, Westpac and CBA, but very little growth in ANZ. The CEC published this chart in a 2005 issue of its New Citizen newspaper, warning that derivatives were the
“mother of all bubbles” and would cause a global financial crisis when the bubble burst.
Is Australia sitting on a ticking derivatives nuclear bomb?
By Houses and Holes in Australian banks
at 2:53 pm on June 20, 2018 | 27 comments
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Hi Par A little reading for you From memory the bank exposure (...
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