The Commonwealth Bank has been the first of the big 4 to declare a
bumper profit while workers mortgages and rents are skyrocketing.
And the RBA has aided and abetted these majority foreign owned corporations
to roll in the profits and send the lions share overseas:
Bank...................Foreign Ownership...............US Ownership:
CBA:............................. 77%.................................61%
Westpac:.......................83%.................................63%
ANZ:.............................77%..................................53%
NAB:.............................81%..................................62%
Over the past 12 years these big 4 have skimmed Commonwealth debt by buying
Comm bonds from Treasury and minutes later flicking them on to the RBA.
At present the RBA owns $700 Billion of Commonwealth Debt via its QE (printing money lark)
From the CBA declared $9 billion +NPAT announced today, $7 billion goes overseas and the
joke....wait for it.....: The Big 4 have to go overseas annually to borrow $10s of Billions so that we can buy a house or run a small business!
And the taxpayer is still guaranteeing bank deposits
