Michael West

Michael West

Michael West comments on companies, markets and the economy. He is a former SMH business editor.

Michael West

When Drake's empire came crumbling down

Michael West Even as the life savings of his investors were frozen in his foundering mortgage funds, Gold Coast financier Peter Drake was still travelling the world trying to raise more money.

Michael West

Intrepid 'pressured partner' to sign away rights: claim

gold

Michael West When Intrepid Mines faces off in court in Indonesia with its former partner Paul Willis in May, at the core of the showdown will be the events of April 21, 2008.

MIchael West

Explosive email rocks Java gold mine fight

Gold.

Michael West It is a salutary tale of sovereign risk. At stake is Tujuh Bukit, the gold and copper project.

Michael West

Goose is cooked, but you didn't hear it from me

Michael West

Michael West The Murdoch press had one of its vintage hissy fits this week over the plan to establish a government media regulator, and it was spot on.

Michael West

The Professor v The Banks

banks

Michael West The question lingers - who decides monetary policy in this country, the RBA or the ABA?

Comments 10

Michael West

Market in the gun if it comes to competition

Michael West

Michael West In Hollywood, the sniper is depicted as a loner. In real life, snipers rarely work alone.

Michael West

How the ASX saw off all comers

ASX, Australian Stock Exchange.

Michael West The London Clearing House has been kept at bay and competition remains stifled on our exchanges.

Business

The spotter, the sniper and taking out the competition

Michael West In Hollywood, the sniper is depicted as a loner. In real life, though, snipers rarely work alone. The sniper operates with a spotter as a highly skilled team.

Michael West

Bank-land, a fey world that doesn't add up

Michael West

Michael West Modern thinking portrays the Land of Narnia as a mythical place, a place vivid in the imagination of children, but not a real place manifest in scientific reasoning.

Michael West

Bailout fund does the big banks plenty of favours

Michael West Anybody keen for a loan of $380 billion at, let's say, an interest rate of 3.4 per cent? Sounds nice, eh? Well, you the taxpayer are in the process of making such a loan.

Banks

Mother of all bailout funds

Big Four Banks.

Michael West Does this country have the most generous support mechanisms for banks in the world? The answer would appear to be ‘yes’.

Comments 112

Michael West

Watchdog eyes mystery man Drake's funds firm

Mysterious

Michael West The corporate watchdog is investigating one of Australia's biggest mortgage fund operators, LM Investment, for potentially false and misleading statements.

Michael West

All pluses in banking numbers game

Michael West

Michael West The maths don't seem to add up. The big four banks made a combined pre-tax profit of $22.6 billion in 2008 and $33 billion last year - a 50 per cent increase.

The big banks' big lies

Big Four Banks.

Michael West The major banks are supercharging their profits at the expense of customers. Their funding costs have fallen, not risen, as they claimed when refusing to pass on Reserve Bank interest rate cuts.

Comments 143

Michael West

Bruce slays Goliath's big gold-plated power plan

Michael West

Michael West Bruce Robertson, beef farmer from Burrell Creek - community hall, one house and a phone box - notched up another win against the electricity juggernauts this week.

Are you being served? Subpoenas for ANZ directors

Michael West They are out of the country, still fuming at the loss of their business, and still very rich. So Pankaj and Radhika Oswal are turning up the heat in their slew of legal actions.

Michael West

Indian pair give ANZ a good serve

Michael West It must have been with high indignation that the venerable directors of ANZ were personally served with subpoenas that compel them to produce documents in the Burrup court case.

Michael West

Outsider proves savant on toll-road projects

Michael West Dr John Goldberg predicted the financial collapse of the mightiest flop of the lot, BrisConnections.

Michael West

Don't spit chips over power bills: solar flares!

Michael West The technology to deliver cheaper energy is here. The question is: can industry and government deliver?

Michael West

Bottom line: mysterious land of Zug still a mystery

Michael West News that the mining tax has raised a pinch of pocket fluff should come as no thunderbolt from the blue.