Economic crisis a 'return to normality', ANZ CEO says

According to Smith, the credit crunch could re-establish a divide between ‘good’ and ‘bad’ businesses -- a divide that he said has blurred due to Australia’s strong economic growth in recent times.“If you think about Australia, for 15 years, we’ve had very good credit growth and access to equity has been extraordinary,” he said. “That has meant that good businesses have been doing well, but so have bad businesses.”“What we’re seeing is a return to normality. Good businesses will continue to do well, but bad businesses may not,” he said.“Access to credit should not be a problem for a good project -- if it stacks up, it will work,” he said. “If you’re a good customer of the bank, there should not be an issue. You should have access to credit.”
http://www.crn.com.au/News/86171,economic-crisis-a-return-to-normality-anz-ceo-says.aspx