re: $$$$my stocks as at 22/12 (nab was self-insure gday grant
yes but the insurance cost can be written off against tax
the 50 mil didnt exist until the red letter entry and is quite simple to create another 50 mil out of thin air plus another figure to cover insurance expenses.
so the bank doesnt really lose anything
$$$$my stocks as at 22/12 , page-11
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