What does your support for the banks buy?

Thursday, 20 September 2012

If you’ve ever wondered what your support for the banks (guarantees, surpluses, RMBS purchases, RBA cash for coconuts etc) buys you then here it is in a nice little chart form a Moody’s presentation that goes with its recent stress test of Australian banks (which Deep T. will be critiquing in due course):

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.