NAB profit

Came in contact with various non investors yesterday, they mentioned how the large banks are crooks.....lol, can't say I disagree with that sentiment.......

maybe the cry poor, take more money, then announce a record profit does not work ...........

C'mom, no one here is against capitalism, maybe you all are more socialist being in favor of those having a go paying more for no good reason according to these announcements, like a deserved punishment.

It has been said many times here that landlords can't just jack up the rent & that rent is market determined, now I wonder how many in that camp are saying the banks money grab is just fine.

 

Well that is something I have thought of too, if one does get into trouble, after all the recent changes, who will pay if they start to fall over.....mmm, wonder if it will be us again.

This is where things are wrong, if they can gouge to prop up the holdings (which I think they have had ample time to be in a very strong position, but have acted poorly) then they should know, you guys are now on your own.

 

Sounds like a sound investment then

 

Yeah, we are in the wrong business. We can laugh, but this is exactly how they acted in the US.

It will be interesting to see how they are positioned in a year.

 

Well that would requirebthe RBA to print shiploads of money like what the Feds have done.

 

.. and you know where their next upgrade in profit will come from in 12 months too.

 

I agree with this and yes banks are there to make money simply as that lol... but i have read that banks are going to cut dividend yields too.

 

what's wrong with a private business making large profits?

how many people chucking tanties about it (not saying you btw) use iphones but didnt have a word to say when apple posted the largest corporate profit in history recently of around $52bn? they're making 1bn a week in profit, is that over the top?

 

I am not forced to use apples carrier service & even if I were, the telcos are not allowed to act like the banks, not sure there is any point saying more if this is not clear or one cannot see that..

I also do not use apple or iphone, they use a model to try and force you to stay in their loop. I have steered clear of this type of thing, actually was very active in avoiding this at a high level.

Are you seriously trying to say, and others trying to say, hey, I do not care what they charge me or how often they put charges or rates up, as that is just the system........so ok, your ok if they decide to add another 5% today to increase profit ? no ? if no, why is that not ok ? And you know if Bank A does it, bank B,C,D will be very close behind.

The govt and banks are in with each other, always have been, these changes and extra charges should have been taken care of slowly a long time ago, that is how I see it.

The only think I will add, is this profit may have been from before the new costs have kicked in properly, so we will see going forward, but as other members have said, most have a very short memory it would seem.