Comments on David Llewellyn-Smith “THE DISTILLERY: Wholesale destruction”, 8/02/2010, http://www.businessspectator.com.au/bs.nsf/Article/THE-DISTILLERY-Recipe-for-Depression-pd20100208-2FSS7?OpenDocument&src=sph
When David Llewellyn-Smith argues that "It would have been the Bank of China, or some other state-owned enterprise; one that had not over-indulged in the preceding free-market driven shadow banking mania." he is kidding himself and the readers.
Where do you think the Australian government would have done to the four pillars or some even say six pillars policy, even if someone were so silly to suggest a takeover by Chinese banks? Do you think the banks were not as strategic to Australia as to some of the smaller investments in the resource sector by Chinese last year?
David Llewellyn-Smith is questioning others' analysis, where is your analysis?
Very interesting “media watch” by David Llewellyn-Smith! Perhaps it is time for David Llewellyn-Smith to watch his own side.
It is a typical double standard!
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