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NAB in plea for Rudd Bank aid

Discussion in 'Finance & Banking' started by Tropo, 21st Apr, 2009.

  1. Tropo

    Tropo Well-Known Member

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    17th Aug, 2005
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    3,396
    Location:
    NSW
    NAB in plea for Rudd Bank aid

    AUSTRALIA's Big Four banks will be unable to refinance $190 billion of commercial property debt without government help via the proposed "Rudd Bank", National Australia Bank says.
    more...NAB in plea for Rudd Bank aid
     
  2. Chris C

    Chris C Well-Known Member

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    Location:
    Brisbane, QLD
    LMAO! Let the Australia version of the bank bailouts begins!

    :cool:

    I really hate statements like this. I say we all deserve to be "adversely affected" to remind ourselves that we shouldn't be letting institutions like these leverage themselves to the extent where they can so adversely affect the entire economy if they make bad investments.

    LMAO you have to love how the banks always seem to have friends in high places right when they need them.

    ;)