CBA 0.69% $116.03 commonwealth bank of australia.

Is this for real....CBA are at present buying back billions of...

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    Is this for real....CBA are at present buying back billions of dollars of their own stock to keep the shareprice up
    then they are trying to get away hundreds of millions of dollars of lowest investment grade BBB- perpetual
    hybrids that pay around 7% at present... the kind of issue that has proven toxic to holders in credit suisse's
    very recent history.....why dont they just stop the buyback...as it is millions of Australians cant afford their
    home loans and are facing serious hardships....we are not out of the woods yet...all IMHO opinion only of course

    cheers grant

 
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