Thursday, November 29, 2012

The banks' love-affair with APRA

Yep, it was truly a love fest. The banks' gushing praise for APRA and John Laker was a little over the top---especially when they responded to questions about whether they had enough capital with the comment, "Ask John what he thinks." Laker was compelled to bat-back, "Oh no, I am now going to get queried about [industry] "capture"." Over to you, Adam Creighton... ;-)