And why wouldn't you Neo? I'm not a customer or employee of NAB, I wasn't advertising for them, I merely offered a link with correct and relevant information. Don't go picking fights.
My calculations are not 'off', what I said was correct. Banks draw funds from deposits and other financial institutions, not from the reserve bank.
I understand how leveraging works, however it was not relevant towards davids comment. 1.5% leveraged at 10:1 is still only 15% before overheads, nowhere near the 94% figure suggested by david.
