Panel 1
Are our banks safe?
Given US problems
Investment bank worries
They were complicated
Very poorly regulated
Panel 2
Masters of the Universe
Lots of CDS, securitization
Lent heavily to each other
Lenders, borrowers disconnected
Panel 3
Our banks are boring
Lend directly to borrowers
Businesses, houses and farms
Our banks AA rated
Thats rare globally
Panel 4
Owned by Australian parents
Backed by A$1 trln of savings
Implicitly backed by Aussie govt
Kiwibank has AA-
Owned by NZ Post
Our housing market vulnerable
But no lending willy nilly
Harder to walk away here
Hunt me down ????
bellpawt 3 years ago