Dear all,
I've been silent for a while - extremely busy.
I just wanted to throw this one out for all those interested in a very good summary of the risks that the Australian banking system is exposed to.
It is presented in the form of a slightly humorous/entertaining dialogue between the author "Deep T" and a fictional Chairman of Megabank (representing the big 4 Aussie banks).
"Deep T" in real life is a banking system insider, and an extremely knowledgeable one at that. He is one of the core publishers on the excellent site
macrobusiness.com.au
The videos are developed using the "Xtranormal" text-to-video system. The dialogue gets quite complex at times, but if anyone is really interested in understanding the fundamental issues (that the banks really don't want to talk about), then this is a great start.
The video is divided up into three parts. They can all be found here:
http://www.macrobusiness.com.au/2012/02/too-big-to-fail-act-3/
Cheers
John