I think before anyone purchases any of the banks they might want to read the following links ( To follow the events best to read the links in descending order ).
I was shocked to read exactly what has transpired and the total apathy towards these events from all the regulating authorities.
A big thankyou for Money Morning for actually uncovering such a bombshell.
http://www.moneymorning.com.au/20101203/nab-and-westpacs-secret-bailout-revealed.html
http://www.moneymorning.com.au/20101206/more-on-the-aussie-banking-bailouts.html
http://www.moneymorning.com.au/20101207/secret-banking-business.html
http://www.moneymorning.com.au/20101208/popping-the-central-bank-bubble.html
http://www.moneymorning.com.au/20101210/the-aussie-banking-wall-of-silence.html
http://www.moneymorning.com.au/20101214/a-matter-of-principle.html
http://www.moneymorning.com.au/20101217/nab-execs-admit-bank-was-in-trouble.html
http://www.moneymorning.com.au/20110106/rba-gets-mushroom-treatment.html#more-4507
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