Westfield: Were we too tough on Frank?

The Westfield saga is part of a yield securities boom that threatens, in time, to go the same way as other booms.

Were we too tough on Westfield chairman Frank Lowy when our heading suggested that he had experienced a spectacular fall from grace

Or is the Westfield saga actually one of the first public repercussions from what is a largely unrecognised boom in the stock market -- the yield boom, which is exhibiting early characteristics of so many previous booms?

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