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  1. #1
    Join Date
    Aug 2005
    Location
    Queensland
    Posts
    2,947

    Default 1.8 Billion $$$$$$$$$

    How do they [all banks] get away with it?
    ANZ - one of the minor banks has managed to "accumulate" $1.8 bn in 6 months.
    I can understand how a person who works with their hands and produces an item can make money.
    I can understand how a person who works with their head and provides a service can make money.
    I know why and how it happens but I really do have a problem with money "earning" an excessive amount of money.
    The ANZ is the first to declare - any guesses as to what the amount will be when the 3 majors declare theirs.
    Is ther a way to beat them?
    How?
    Bob

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  3. #2
    Join Date
    Nov 2003
    Location
    Australia and France
    Posts
    8,175

    Default

    Bob,

    There's no reason to beat them, just become a part-owner.

    We shareholders like what they are doing at the moment!

    P

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