The MSM bank protection racket is in full swing, at the AFR:
London-based investors have warned National Australia Bank chief executive Andrew Thorburn that they consider Australia a less stable and less consistent economy for investment after the South Australian budget hit the big four banks and Macquarie with a surprise $370 million tax.
Speaking from London after meetings with investors, Mr Thorburn said the first 15 minutes of every meeting he had was dominated by questions asking what’s happening in Australian politics. “These are significant, global investors with capital to deploy, and they are asking, how can a few companies within an industry be targeted like this?
