Michael West

Michael West

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

Michael West

RBA fast becoming the ultimate Aussie battler

DOLLAR.

Michael West You’ve got a macking big loan with the bank but the value of the family home is falling. Turns out, the RBA knows your pain.

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Michael West

Going cheap: gold worth $170 million up for grabs

Michael West

Michael West Unlike a bank, If you go to the Perth Mint with your gold, you can cash it that afternoon.

Michael West

Empire strikes back to shred butterflies by law

Michael West The grotesque assault on shareholder democracy by the penny dreadful, Empire Oil and Gas, proceeds apace.

Michael West

How 15,000 investors were swept over the Rubicon

Michael West W hen David Coe and his fellow directors made the fateful decision to buy Rubicon they quickened the demise of their Allco Finance Group. Rubicon was the Trojan Horse which brought Allco unstuck.

Michael West

How 15,000 investors were swept over the Rubicon

PIC JIM RICE.02.07.2110. 
PIC SHOWS.piggy bank , Generic saving , investment property , mortgage , home loan , home loans , housing finance , deposit.gold

Michael West Highwire mezzanine loans and extraordinarily high fees cost unwitting investors dearly.

Michael West

If it looks like a duck and quacks like one ...

Michael West

Michael West 'Let me say a little about this facility. It is not a 'bailout' fund for banks. 'Bailouts' usually mean stumping up public funds to inject capital to an institution whose solvency is in question.

Executive Pay

Companies use loopholes to buy shares

Cash, banks, interest rates, executive pay, renumeration, contract, boss, employee, superannuation, save, spend, wages, pay, import, export, notes, coins, gfc, markets, bonds, shares, parity, currency.

Michael West Australia's top companies spent $1.5 billion last year buying shares for executives, exploiting loopholes in disclosure laws.

Michael West

A bit more enforcing would help

Michael West

Michael West What do you tell a person who just lost their life savings in a managed investment scheme; a mortgage fund, a plantation scheme, a Banksia, a Westpoint or a Storm Financial?

Michael West

All-star cast likely to include the fat lady

Michael West As Kelly Slater was knocking out Mick Fanning and Joel Parkinson in the finals of the Quiksilver Pro on the Gold Coast last week, there was another knock-out going on up the beach at Snapper Rocks.

Michael West

When Drake's empire came crumbling down

PETER DRAKE.

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?

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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

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

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

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’.

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