There will be a bank bail in in Australia

[billy the kid]

https://www.zerohedge.com/personal-fina ... oney-banks

AAh what would I know...…..

[Juliar]

Billy you may prove to be correct - but only time will tell and you only have to wait six months when the COVID-19 vaccines arrive.


Just in case.

What if the Govt runs out of save our souls money ????

[billy the kid]

Juliar, I hope Im wrong....if Im right...were all fucked...….

[billy the kid]

https://theconversation.com/vital-signs ... nds-136407

Well, isn't this article interesting....
Scroll all the way down to the following...…
"And they’ve an interest in coordinating. If one bank falls over during this crisis and needs to be bailed out that’s bad for all of them. All of their stock prices will tank, it will be hard for them to raise the capital they need to fund their operations."
But but but....I thought that Banks were as safe as....banks....
"If one Bank falls over and needs to be bailed out..."
IF.....
Does the writer know something we dont know.....
And further down.....
"We will have to wait and see if they pick up the get-out-of-jail card APRA has handed them and cut dividends together.
APRA could have taken a tougher stance. It could have banned dividends. But that would have sent a bad signal to domestic and international capital markets about the solvency of our banks.
I have been critical of some of APRA’s moves in recent years. But this one is brilliant. Let’s hope the banks can see a life raft when they’re offered one."
Get out of jail card.....
APRA'S move is brilliant....
Life raft...
Are the banks in jail.....why is there a need for a "brilliant" move by APRA.....
A life raft.....are the banks sinking...pray tell.....
The solvency of our banks.....
Well Mr Holden, why don't you tell us which of our banks is insolvent.....because
one of them is...…….
Why is the writer telling us about bail ins...get out of jail cards...life rafts for the banks....
Anyone would think that our economy is in deep shit......
Oooops...…it is.....

[Juliar]

ScoMo will solve all.

[billy the kid]

[billy the kid]

https://www.dailymail.co.uk/news/articl ... ID-19.html
NAB in Trading halt....51% fall in earnings....
Interim dividends plunged from 83c to 30c......
All Banks on the nose today...see my post of 17/4...
How many people have applied to withdraw from their super funds...
The government estimates 1.7 million will access their funds of $10K
this year and $10K after 30/6....do the math...that's billions....
I wonder how many wont get their money due to some cockamamie excuse offered by their fund...
Restrictions on social distancing may be occurring in some states, but people will still be
eating the wallpaper off the wall in some homes.....
Cure worse than the disease........oh don't be silly.......billy…….
Good luck folks if you're in the queue.....

[billy the kid]

https://www.fool.com.au/2020/04/27/is-t ... after-nab/
Theyre all going to raise capital.....
I think theyre all fucked....
Believe what you want to believe.....

[Black Orchid]

$10k won't last long. I wouldn't be doing it.

[billy the kid]

Well, apparently 1.7 million people disagree with you...
The point of my post is that banks and super funds will take a hit....
Dividends are going down...funds will find excuses not to grant withdrawals...
People are suffering...they need the money...
People who are anxious about their future chose to withdraw their funds if they
have the right to do so....their anxiety is based on a lack of trust in the banks and
their super funds to perform...people lose faith in the "system" which is supposed to protect them....
Besides, if they have lost their jobs, they have no money coming in except Jobseeker/Jobkeeper…
Some haven't even got that....
Banks are on the nose...
Sometimes you cant see the forest for the trees.....