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“How did we get so rich” asks today’s Australian Financial Review (AFR). We think the AFR was asking a question. Although the lack of a question mark suggests otherwise. Anyway, who are we to pick bones on someone else’s grammar? We couldn’t even get our headline right the other day. The story on page 32 [...]

Before I get stuck in to today’s Money Morning a quick note on our publishing schedule over the holidays… This week will continue as normal… as you’d expect. Next week, from 27th December until 31st December each day you’ll get something a bit different. The editors of the five subscription based newsletters we publish have [...]

If you haven’t found the time to read the transcripts from the Senate economics select committee I suggest you find the time. Simply because comments from two National Australia Bank [ASX: NAB] executives confirm – that’s right, confirm – everything we’ve written about NAB’s secret bailouts in 2008 and 2009. You can download the transcript [...]

More annoying banter from your editor to the ASX: “So when can we expect the ASX to make an announcement on this? “I’m sorry, but this is a no-brainer. As I say, the ASX’s own website states: Timely disclosure must be made of information which may affect security values or influence investment decisions, and information [...]

The Secret Bank Loans saga continues. Your editor has lodged a Freedom of Information (FoI) request with the Reserve Bank of Australia (RBA). From what we’ve been told, the RBA has thirty days to process our request. In a nutshell we asked for all internal and external communications from and to the RBA about National [...]

It’s time for an apology. No, not from your editor. We’re always right, so there’s no need to apologise [wink]. Instead the apology needs to come from the Australian mainstream financial press. The same financial press that told you Australia’s banks were strong. That Australia had the best prudential regulation in the world. That Australian [...]

Is it ANZ Bank’s [ASX: ANZ] turn to “do a NAB”? According to the grapevine, both ANZ online banking and the ANZ owned E*Trade broking platform have both been offline this morning. Is it another case of another Aussie bank suffering liquidity problems? Or is it just another glitch in the system. The Money Morning [...]

“I think you have a hit an all time low on this one. “Having no interest in NAB’s success, but being very knowledgeable of the inner workings of the payments industry the conclusions are absurd. I support a lot of the messages in your newsletters. But stick to what you know something about, rather than [...]

Before your editor carries on today, we’ll declare an interest in today’s article. Thanks to last week’s so-called computer glitch at National Australia Bank [ASX: NAB], your editor hasn’t been paid. So just bare that in mind in case we get a bit narky this morning – sorry, more narky than usual… We notice NAB [...]

Today your editor is beavering away at finishing the November issue of Australian Small-Cap Investigator. That means a couple of the subjects I wanted to bring up today will have to wait until tomorrow – the Irish bailout was one of them, and proof of Reserve Bank of Australia manipulation in housing markets was another. [...]