EDITORS' PICKS

In this week's essential reading guide, Bartholomeusz looks at the fallout from Westpac's mortgage binge, Gottliebsen spies cracks in China's economy and Maley thinks Obama's new bank rules have the potential to change the game.

Has Westpac bitten off too much?
Stephen Bartholomeusz
The decision by Westpac subsidiary RAMS to stop originating home loans suggests that Westpac may have gorged itself on the home loan market more than was prudent.

The cap doesn't fit Telstra
Stephen Bartholomeusz
Structural factors, including the planned NBN, mean it's not in Telstra’s interests to raise the cost of its fixed-line products. So why does the government think the price caps are still necessary?

Cracks in the China story
Robert Gottliebsen
There is no doubt that strains are appearing in the Chinese economy, linked to asset speculation and the fact that China’s bank lending has been expanding at a much faster rate than its economy.

What Centro directors missed
Robert Gottliebsen
Non-executive directors who signed the Centro Properties and Centro Retail accounts in 2007 are about to become a test case for the liability of directors across Australia.

Has Obama fixed banking?
Karen Maley
The global banking landscape will be transformed if the new bank rules announced overnight by US President Barack Obama are enacted.

Too big to wail
Karen Maley
The banks will protest strongly if the federal government moves to tax their ballooning profits – though their cries are unlikely to move the Rudd government, whose actions made it all possible.

China's currency conundrum
Isabelle Oderberg
De-pegging the yuan from the US dollar would increase China's own economic prospects on many fronts. So what's stopping them?

Another GFC is coming
Christopher Joye
There is going to be another global financial crisis and Australia is going to find itself in very serious strife.

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