they are paying depositers 4% so then the max is 3% profit...
so even if they made billions on home lending...its still a small percentage return...
That's still bloody awesome when there is little foreign competition for WBC,ANZ,NAB and CBA and the four pillars stayed in place. Imagine if Hewson or Downer were Prime Minister this country would have been well and truly f***** during the GFC. Don't mention Downer he is now currently trying to screw the public with Huawei. HAHA
