<div>
<div itemprop="description">
<p>U.S. Hedge Funds are locked in their worst crisis since the Global Financial Crisis.</p>
<p>They believe that the Australian housing and banking markets resemble those seen in the U.S. in the run up to the U.S. housing meltdown.</p>
<p>Many missed out on shorting the U.S. housing bubble, and they are now making a massive $6.5 billion bet shorting Australia’s banks. It could bankrupt them if it doesn’t pan out.</p>
<p>The Australian banks are far healthier than their U.S. counterparts were in 2006, and far more resilient to market disruptions.</p>
<p>There are simply no signs Australia’s housing market will suffer from a catastrophic meltdown that could bring down Australia’s banks.</p>
</div>
</div>