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Oh gosh ...


long into our banking fiasco ... banks smashed prior to it... result ... 8% rally


long into election bank selloff ... result 15% rally


now we are doing it again ... combination selloff via .. idiotic supervision .. more capital and  a threat of NZ going nuts to protect against an event you cant protect against ...


result ?


Well as to any cap raising ... banks have been moving that way for 18 months.

The highs of recent years .... well over $30- ...

IF NZ raises the bar .. the banks will of course pass on the COST .... increase lending costs .... lower deposit costs.


May even see for some ... NZ float and total divest ...


who knows, suspect its not going to be as bad as the people with no eyebrows !!


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