Which is the safest bank?
- Thread starter NedKelly
- Start date
I feel it would be a brave person to stick ones hand up and say bank x
Bank x might look really solid today, ........until they reveal their 5000 billions losses in related entities
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Bank x might look really solid today, ........until they reveal their 5000 billions losses in related entities
ta
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I would like to know what Warren Buffett is thinking now,for what he thought was a bargin price ..WILLAIR
According to stats, the average Aussie is 105% in debt approx (The average Yank is 110% in debt).
This should mean that there is very little in savings in any Bank around the Country.
No doubt there will a minority who will have a decent chunk of savings in the Bank, but I think that if there was a run made on any of our major Banks it would probably be a bit of a drop in the ocean compared to their overall business?
Being a hyper-cautious type, and having been stung by the folding up of the "Permanent" Investment Building Society in the late 80's, we've moved all ours out of a second tier institution into the CBA. Once bitten....
I just figure the CBA is already 25% govt owned, (less bailing involved), and if things got that bad that the Commonwealth goes down, then the stuff in the shoebox will only be paper er.. polymer, and cash will be the least of our worries.
I can't imagine descending to the bunker with a box of cartridges and cartons of baked beans just yet though.
Cheers,
Beef.
I just figure the CBA is already 25% govt owned, (less bailing involved), and if things got that bad that the Commonwealth goes down, then the stuff in the shoebox will only be paper er.. polymer, and cash will be the least of our worries.
I can't imagine descending to the bunker with a box of cartridges and cartons of baked beans just yet though.
Cheers,
Beef.
How big is the "Bunker"maybe you can rent some rooms out..willair..I can't imagine descending to the bunker with a box of cartridges and cartons of baked beans just yet though.
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The only lender that I know about that's 'AAA' rated is GE Money - the major Australian banks are only 'AA' rated.
Of course, GE Money isn't a deposit taking institution and as far as lenders go they've got a pact with the devil. They're safe for investors but not for borrowers in my opinion.
Of course, GE Money isn't a deposit taking institution and as far as lenders go they've got a pact with the devil. They're safe for investors but not for borrowers in my opinion.
Jims are now doing Finance/ Mortgage Franchises too
I hear you get 5 free cuts with every mortgage
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I hear you get 5 free cuts with every mortgage
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I have mortgages, money in the offset account against them, and large not-yet-used LOC, all with bank x. What will happen if bank x collapses ? Will I lose the $$ ? the properties ?
Should I widthdraw more money from the LOC and place it in its offset account if the credit is to get tighter ?
Should I widthdraw more money from the LOC and place it in its offset account if the credit is to get tighter ?
Unfortunately, the large not-yet-used LOC may be cancelled
I'm thinking of moving money from my LOC to an offset account at another bank so it can't be taken off us.Cheers,
Bazza
Hiya Gross
AS the famous readhead once said
"please explain"
I thought the BOQ frans were simply a marketing outlet ?
ta
rolf
AS the famous readhead once said
"please explain"
I thought the BOQ frans were simply a marketing outlet ?
ta
rolf
Deposits are what a seagull leaves on a Rolls Royce- because bankers can no longer do so.
