New laws proposed to stop CBA/Bankwest scam happening again

Discussion in 'Markets & Economies' started by AustralianAustrian, Jun 16, 2014.

  1. AustralianAustrian

    AustralianAustrian Active Member

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    Page 20 of todays AFR shows new laws being proposed by Treasury review to stop banks manufacturing defaults on customers so that the bank can maintain high Basel ratios and credit rating. The front page of AFR also shows how Basel 3 will put strain on banks' capital next year.

    [​IMG]
     
    AustralianAustrian, Jun 16, 2014
    #1
  2. Old Codger

    Old Codger Active Member Silver Stacker

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    "The front page of AFR also shows how Basel 3 will put strain on banks' capital next year."


    Easily fixed, a 1 for 5 rights issue at a premium of $50.

    The 'funds' would jump at it!


    OC
     
    Old Codger, Jun 16, 2014
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  3. errol43

    errol43 New Member Silver Stacker

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    Reintroducing Glass Stegal might be the best option. :)

    Regards Errol 43
     
    errol43, Jun 18, 2014
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  4. aleks

    aleks Well-Known Member Silver Stacker

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    public executions would be the best option
     
    aleks, Jun 19, 2014
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  5. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    That's what I've been saying :D
     
    spannermonkey, Jun 19, 2014
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  6. Dwayne

    Dwayne New Member

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    Not sure what the Glass-Steagall legislation would do to prevent CBA from doing anything. It's never been the law in Australia :)
     
    Dwayne, Jun 19, 2014
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  7. errol43

    errol43 New Member Silver Stacker

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    ^^^Oh so true..But wouldn't it be nice?

    Regards Errol 43
     
    errol43, Jun 19, 2014
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