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Hello again, Folks,

ooks like the US subprime toxin has leached into Australia too! Do you think NAB will remain the only one 'materially' affected?

ANZ just announced a huge write-off

http://money.ninemsn.com.au/article.aspx?id=604689

Statement to the ASX

http://imagesignal.comsec.com.au/asxdata/20080728/pdf/008634...

this is also available via www.anz.com.au

They are well down on the news, although they head the 'buys' list on volume this morning

Regards

Jeff

Disclaimer - long CBA, still wouldn't touch ANZ. Might get some NAB, but not until after the next financial report from NAB
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