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Something’s been eating at us. We couldn’t really explain what it was. But something didn’t seem right. We felt like Lieutenant Columbo. There was a small clue we knew we’d stumbled across. A clue that was staring us right in the chops… but we couldn’t figure out what it was, where it was and why [...]

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 [...]

“We’re not printing money,” said Dr Ben Bernanke in his 60 Minutes interview last Sunday. “What we’re doing is lowering interest’s rates by buying Treasury securities. And by lowering interests, we hope to stimulate the economy to grow faster.” With statements like that, you wonder why only half of the U.S. wants the Fed ‘…curbed [...]

Today’s Money Morning contains a special surprise for you… With the help of one of my colleagues I’ve produced a short cartoon video. It’s based on our revelations surrounding the Aussie banking bail outs. Hopefully you’ll like it. And if you really like it perhaps you’ll forward it to your friends. Then they can find [...]

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 [...]

You’ve read a lot about the banks in Money Morning during the past week. And today is no different. So strap yourself in… Yesterday we gave you the reply we’d gotten from the Reserve Bank of Australia (RBA). We’d asked them when the RBA had been told about National Australia Bank [ASX: NAB] and Westpac’s [...]

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 [...]

You can read the official press release from yesterday’s Reserve Bank of Australia (RBA) board meeting here.
In a couple of weeks the RBA will release the full minutes of the meeting. If the official version is anything like the previous versions it will mention international economic conditions, domestic economic conditions, financial markets, and considerations [...]