Masters of the Universe

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Uploaded by on Sep 18, 2008

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

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  • Hunt me down ????

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