It did not take long,but NAB has more than quadrupled their overcharging reserves to over $100 million. There is no probity in this or at any other bank. The slide and downturn in economic cycles will peel the skin off their backs. The fraud at the banks have never been fully reported and neither have their real losses.
Get out of banks now. BHP will go back to its real value without the massive premiums it has been trading at. Telstra will not be sold and the Macquarie will go to Goldman Sachs.
If you went for silver because the company's executives have been ramping it up you deserve to lose your shirt whether thats now or in the long run.
We are in a down cycle now and it will last. Job losses, rising unemployment and higher interest rates. Your house is no longer secure. (actually it never has been)
bhp nab cba asx
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