NAB 4.08% $16.94 national australia bank limited

come clean nab!!!

  1. 831 Posts.
    The reverberations of the so called "ROGUE TRADER" currency scandal is being swept under the carpet. Its impact on a number of other accounts and portfolios and assets of the NAB must be made public.

    From whats surfacing, there is damage control and superficial damage control alon and thats it.

    Why won't the NAB come clean with all of its monumental losses? earlier this week it was $100 million, today it is $180 million what sort of accounting systems and controls do they have in place to provide such responses?

    Whay the NAB won't come clean like the other banks is because of the incestuous nature of their shareholder base. This is not your Moms and Pops type investment. The bulk are with institutions some of whom themselves are the victims of executive greed and theft arising from unmeritorious appointments and not at arms length transactions.

    There is no accountability at the top. The inormation leaking from this ship is that the damage in total not nly from rogue trading, but from bad investments and very very poor control runs far greater than their homestake disaster. Thats $4 billion!!!

 
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