$9 Billion Dollars profit is obscene when we are talking about a service provider...the banks provide a service to the community, we are beholden to them because we HAVE NO choice.
$9 BILION DOLLARS straight out of circulation, equates to approx. $375.00 for every man woman and child in this country paid to the CBA to bolster their bottom line.
If we add in the other banks "profits" how much cash are they in fact dragging out of our economy?
I recall thinking years ago when our wages were put into our bank account instead of paid to us in cash, when all Social Security payments had to go into a bank account etc, how it would serve to empower the banks and would eventually lead to monopolies.
I am so glad I don't have a mortgage as well and be paying through the nose just for the privilege...
- Forums
- Political Debate
- Is Ian Narev worth 153 times the Average Aussie?
Is Ian Narev worth 153 times the Average Aussie?, page-14
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online