Banks doing it tough?

[VYBerlinaV8]

Maybe not so much...

http://www.news.com.au/business/com...e-than-6-billion/story-e6frfm1i-1226112162143

 

[The Fence]

Poor bugga's....bet they wish they could keep their profit announcements from being released at times....no excuses now, they have to drop rates and that is exactly what they are doing now.

 

[Strannik]

saying 'banks have to drop rates' is a bit like saying 'my local butcher has to drop prices' or 'landlords have to drop rents'

 

[The Fence]

Well....they are doing it....so I'm right hey!

 

[lizzie]

Damn - should've bought CBA not OST during the last GFC!

 

[Strannik]

no argument about that one

i just think 'have to' are not the right words to use

my theory is that they are trying to lure as many people as they can into fixed before RBA goes and reduces variable

 

[josko]

Damn - should've bought CBA not OST during the last GFC!

You are DAMN right. I have been waiting for CBA to drop back to GFC1 but it is still hanging around 47-48. I bought ANZ instead back then...still not so bad but not as good as CBA would have been. I'm watching it closely wondering if this is it....

Regards JO

 

[The Fence]

i just think 'have to' are not the right words to use

Sorry if I offended you....(geeezeee)

 

[wobbycarly]

Damn - should've bought CBA not OST during the last GFC!

Tee hee... I'm right there with you...