Tag Archives: mike smith

Barnaby: Support Mike Smith

18 Sep

Message From Barnaby:

As you know I have spoken to Michael Smith quite a bit over the last few years.

Mike was on 4BC Drive in Queensland and went to 2UE in Sydney, but it now appears he has ruffled the wrong feathers as I haven’t heard him on the radio lately.

I hope that this is not the case but there may be certain people in this building in Canberra who are a bit upset with Mike.

Well, as one maverick to another and a pretty keen supporter of free speech in the Fourth Estate, I ask you to sign a petition in support of Mike.

Here are the details should you wish to do so.

http://www.gopetition.com/petitions/support-michael-smith-reinstate-him-to-2ue.html

Cheers,

Barnaby

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ANZ: Greece Could Affect Oz Banking

30 Apr

Yesterday I posted about how vulnerable Australia’s banking system is to the spreading debt contagion in the Eurozone. It seems that ANZ chief Mike Smith shares the concern for the same reason – our banking system’s heavy reliance on getting funding from the international markets, which are again beginning to freeze up due to concerns about counterparty risk.

From Business Spectator:

Australia and New Zealand Banking Group Ltd (ANZ) chief executive Mike Smith has warned that sovereign debt problems in Europe have the ability to affect Australian markets.

Speaking to reporters after the bank’s first-half results were released, Mr Smith said the “contagion issue is now very real”, in reference to Europe’s sovereign debt problems.

Mr Smith said the crisis may affect Australia in terms of its dependence on access to the international credit market, and said the concern was very relevant to businesses across the country.

“I think it will probably have an effect on equity and credit markets, but credit markets I think is more relevant to the Australian situation,” he said.

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