$190,000 withdrawn in $20 bills

Everyone should watch the Documentary "Zeitgeist" and Zeitgeist 2 and funny story, really sad comments people actually have no idea what their talking about. Remember most of that money is peoples investments would you want to risk your own money on an artist? I don't think so... idiots. To stay in business you can’t make stupid decisions like most of the comments on here.

@ matt # 11 Perfect,I couldnt of said it ant better. As was said on TV last night by the westpac guy AND roger Westpac never once said no. He didnt get his own way so he had a cry and wanted his five minutes of fame. If westpac did lend to him and he defaulted then his home was sold as a result he would go to the media and say Westpac gave him a loan and he couldnt afford it had another cry got people to feel sorry for him etc etc, Get Over It.

Gone are the days when Banks would look at an indivdual and make a decision based on historical records, they are all so regimented these days - that is just appalling - good on you for withdrawing the money, and having worked in a bank before it just goes to show that they are more concerned about making profits then looking after customers!!!

190K "in the bank" is confidence that regular payments can be met - or garnished. Banks have lost all sense of common sense.

Seems we have been conned. It appears he was not denied a mortgage, the bank just asked for further information. Roger wanted an answer immediately and spat his dummy. Childinsh, but as others have noted - good publicity for him.

I do not work for Westpac or even bank with them, but am appalled with what I have been reading. Our Banks are rated in the top 20 in the world, this has come about through sound lending principles being applied. The Bank rep last night said they haven't declined the loan, they are simply waiting for this customer to provide the information everyone has to provide when borrowing. It's a simple question: 'If we lend you this money, how will you repay it?' Equity is crucial, ability to repay equally so. To all the ignorant people who are saying the Bank can just sell the property if he defaults, what kind of organisation wants to operate business in that environment? Foreclosure is one of the worst things a Bank can be faced with, a very distressful situation for everyone concerned. If all businesses operated solely on a trust basis the outcome would be dire. Trust and character are very important, but so is honoring your contract and making your payments.

Just to say, from London, that this is being read around the world. Another great case, like the United Airlines v guitar owner, where a stupid decision can prove costly in terms of bad publicity.

And yes it was a stupid decision, blindingly obviously so too. I haven't bounced a check or missed a payment in 30 years (I now own my home) but if my bank pulled that stunt on me I'd have done the same thing.

Where's the follow up story about how he got mugged in the parking lot?

Great job, hit em where it hurts. believe me people if you have less than 200k in your account the bank really does not give a hoot. but I love that he had more money inthe bank than the loan he asked for,and he was able to hit em where it hurts. now if we couldonly hit bank of america like that

Has he finished throwing his rattles out of his cot? I wouldn't lend anyone $1 if they couldn't produce the proof that they could majke repayments. Good one Westpac for sticking to their guns! I also feel that the media add to stories to make them interesting. It's about time they learnt that not all that people say are true and correct.