Tag Archives: CEC

Why is CommBank still hiding its derivatives bets?

By Craig Isherwood National Secretary http://www.cecaust.com.au For the second year in a row CBA is hiding its true financial position from the Australian public. The bank’s 2013 Annual Report, like its 2012 edition, fails to disclose the multi-trillion-dollar face value of its betting in off-balance-sheet derivatives. CBA happily discloses “fair value”, because it is a […]

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Rudd, G20 and Bank ‘Bail-ins’

The real reason Rudd delayed the election? To plot stealing our deposits at G20 summit. By Craig Isherwood, CEC National Secretary. Kevin Rudd delayed the election so he can attend the G20 summit in St Petersburg, to discuss the progress on implementing a global so-called “bail-in” regime, which the G20 is overseeing through the Bank […]

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