NAB to purchase Challenger / Plan

just wondering - thoughts on homeloans ltd - i.e. HOM.AX, the other entity which nab will be doing a further purchase of... it went up about 20% over the last 2 weeks...
 
hi all
very interesting times
have a read of my posts
cba buys bankwest and bankwest closes its comm lending
westpac buys st george and they close off their comm lending
and now nab gains challenger( what did they do comm lending)
whos next
mr rudd you said that guaranting deposit while make no difference
tell me this is no difference.
funny how these things happen
look at the time I said this would happen and the time now
not to short.
now watch
as bankwest disappears
st george goes to
and challenger forget about it
people in suncorp don't buy a annual bus ticket.
oh and i said that bred was doing nothing
they have 12% of bendigo and just bought 15% of boq they are looking at some thing not sure what
 
So much for business as usual...

NAB Make Their Stamp
20/08/2009
Only 48 hours after NAB announcing their takeover of Challenger, the 'non-bank' lender has withdrawn their non-conforming products, so much for business as usual. Meanwhile 5,000 brokers whose aggregator groups ( Plan, Fast and Choice) were part of the take-over are pondering their future as pseudo NAB loan agents.
 
hi
can't see it for me
boq is a franchise atm in the wall just with auto doors
and bendigo just joined adelaide and they can't get the systems to mess
so it has to be another buy out or an overseas comming in.
the quarantee says buys some thing or add debt
capital finance and suncorp are both still there not sure whos taking them out yet
maybe mr rudd might have a view
maybe when he was sat around the table before he did the guarantee the banks told him.
maybe he might as a few have done finish up working for one.
god knows but one things for sure reducing the number of banks was on the table
so much for the we want more lending.
I think we will see less
 
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