Commonwealth Bank feeling the pinch?

This in from Commsec:

The financial sector is lower by 3.6pct being weighed down by the Commonwealth Bank of Australia (CBA). Its shares are down 8.6pct or $3.88 to $41.27 after resuming trade this morning following capital raising to fund the $2.1bln acquisition of BankWest and wealth management group St Andrew’s.

We're told that the banks, who've just been given a 1% (which is really around 14%) cut in the cash rate by the RBA, are feeling the pinch. So what's the Commonwealth's response? Raise $2.1bln to buy out Bankwest. Excuse me if I sound populist, but that smacks of double standards. They took 3 days to raise $2.1bln but complain that funds are tight. I'll bet if I walked in to a branch and asked for a small business loan I'd be told all manner of bullshit about how tight liquidity is at the moment. I'd be asked for my house, my car, and my wife as security.

Seriously. How about giving the battlers a break, then look at building your empire. No wonder the punters are pissed.