CBA commonwealth bank of australia.

CBA TA update, page-457

  1. 1,222 Posts.
    lightbulb Created with Sketch. 447
    So Stefan as you work at a bank can you explain why the NAB has 3.7 trillion in derivatives.
    Is this not very risky?
    Is this not gambling with people s money?
    Not trying to sound like I am attacking you but
    I despise banks and their corruption.
    Charging people interest for lending them money they do not have or own.
    It is BS.
    Regardless of my views, how can the banks be safe when Deutsche, Credit Swisse, SVB seem to be sinking?
    Is not the whole financial system only ok when the sheep believe in it?
    cheers for any response
 
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