The banks in Australia is under intense scrutiny from the...

The banks in Australia is under intense scrutiny from the Government and opposition at the moment. There were even rumors this morning that if the company tax rate is lowered then maybe the 4 major banks should be exempt from that tax reduction!

I think the bank bosses would like to walk away from this but are they honestly able to?

It is no fun to tell your sharesholders that $650mill was lost on SGH an international leading law firm with a great reputation. What will the Government say and what would the public think?

I am pretty sure something will be worked out. SGH and the banks have no choice. It is not just the banks in control. We as shareholders can say no also to any unreasonable proposal

Plenty left in the tank to continue into the future. This could be one of the greatest corporate turnarounds in Australian history. It is a great company helping 400,000 clients per year. The brand alone and knowledge of staff is worth a fortune.

I want to be in it

Do you?

Time is my friend and my money is on SGH (and the banks).