cba greed is apalling, page-42

The attacks on banks are getting out of hand.

Please note:

- margins are close to a historical low. This means the spread between what they borrow at to what they lend at.

- they can borrow at a reasonable rate because they are rated AAA. They are rated AAA because they are profitable with enough headroom to satisfy the markets for any downturns.

- they are private companies. They do not owe you a discounted loan. You are borrowing their money. You do not have an entitlement.

- you can borrow from any company, any person, any where in the world if you like so if you can do better then do so.

- consider reducing your debts and pull your head in. This is the cause of your headache.

- healthy banks are a store of wealth for the country including almost every super fund.

- This may seem a little harsh but some people need a reality check.