Monday, 28 July 2008

Banks Must Come Clean About Their Losses

click here to go to the blogAn article in a regional Australian newspaper provides information that the big banks around the world have yet to come clean about their full exposure to the US housing market. For the National Australia Bank, like many banks, the Triple A status of US mortgage funds and the back-up of insurance seemed like a safe bet for getting higher returns in total safety and security.

Posted on The Tap Blog