http://www.crikey.com.au/2008/05/12/westpac-and-st-george-the-bailout-we-had-to-have/ now with extra source Sun, 12 Feb 2012 08:54:01 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.crikey.com.au/2008/05/12/westpac-and-st-george-the-bailout-we-had-to-have/#comment-20794 RJG Thu, 01 Jan 1970 10:00:00 +0000 #comment-20794 Westpac really do need to take over SGB, otherwise they won't be able to compete globally and create oodles of shareholder value. Is de ja vu realy only a psychological phenomenon or maybe some things do happen over and over? Why can't the big four simply take over everything, merge and then we will have some real competition. The politicians and regulators are fools, it's part of the job criteria, but the rest of us have to survive in the real world so the argument will fall just a little flat this time. Westpac really do need to take over SGB, otherwise they won’t be able to compete globally and create oodles of shareholder value. Is de ja vu realy only a psychological phenomenon or maybe some things do happen over and over? Why can’t the big four simply take over everything, merge and then we will have some real competition. The politicians and regulators are fools, it’s part of the job criteria, but the rest of us have to survive in the real world so the argument will fall just a little flat this time.

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