| [ Total Views: 1021 | Total Replies: 28 | Thread Id: 94191 ] |
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 ian.mezz
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 posted on December 7th, 2011 at 05:49 PM |
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banks
The only interest the big banks care about this xmas is their own 
They were quick to put the rate up more then the reserve bank rate rise , but they don't want to put it down over xmas cause it may affect their xmas
bonus
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68AutoBug
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| posted on December 7th, 2011 at 05:58 PM |
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| Quote: | Originally
posted by ian.mezz
The only interest the big banks care about this xmas is their own
They were quick to put the rate up more then the reserve bank rate rise , but they don't want to put it down over xmas cause it may affect they xmas
bonus
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Quite Right Ian......
so why do We have the reserve bank???
they say UP the rate.. and they all jack up the rates ASAP...
they say down the interest rate... and some banks don't pass it all on...
it looks like most don't want to change the rate
this time..
so , what good is that???
I thought the reason the reserve bank changed rates was so the banks would have the correct RATE.. ???
[but now only when it suits them]
LEE
- [size=4]Helping keep Air Cooled VWs on the road - location: SCONE in the Upper Hunter Valley - Northern NSW 320 kms NNW of SYDNEY--- [/size]
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donn
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| posted on December 7th, 2011 at 06:02 PM |
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Stating the obvious Mr Mezz, why others (I already do) don't deal with the building societies etc that treat us fairly is beyond me, Happy Christmas
to you Mr. Mezz and the scruptios Rose and all the other people on here. That's from me not the banks. 
I dream of a day when a chicken can cross a road without being asked for it's motive!
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3amigos
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| posted on December 7th, 2011 at 06:33 PM |
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Rates up or down doesnt worry me but has anyone thought of the self funded retirees who need high rates of interest on their cash accounts. Alot of
people on here would also have shares in at least one of the big 4 (thru there super)
this is a good read
http://www.businessspectator.com.au/bs.nsf/Article/Bashing-banks-for-a-rate-c...
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h
A.k.a.: Towely BuMpEr KING! ILLegal ALIEN on a roadtrip
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| posted on December 7th, 2011 at 07:20 PM |
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a bank i deal with is ME bank its cool
it passed on the whole shebang! which is not unusual
I just deal with them on the phone n fax or post off app forms when I feel like it,
+ not making an appointment with sone overpaid bank manager who most ppl would lick up to.. who has the time anyways
id like to know what the big banks ROI is?
anyone here know?
then we may see if the 'super' profits justify for the shareholders
at a time when a lot are hurting being a greedy bank with your $ just doesn't cut it
timing is everything n unfortunately with xmas here it isn't gunna do the banks any favors (as usual)
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silver
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| posted on December 7th, 2011 at 08:10 PM |
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Higher Interest rates are good for those of us with money in the Bank
I want 15%
Keeping it real !
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thebullfrog
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| posted on December 7th, 2011 at 08:28 PM |
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| Quote: | Originally
posted by silver
Higher Interest rates are good for those of us with money in the Bank
I want 15%
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As my beetle gets more goodies, my interest paid on my accounts decrease. Such is life.
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3amigos
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| posted on December 7th, 2011 at 08:39 PM |
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| Quote: | Originally
posted by silver
Higher Interest rates are good for those of us with money in the Bank
I want 15%
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greedy bugger...I'll take 10%
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beetleboyjeff
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| posted on December 7th, 2011 at 09:04 PM |
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Bear in mind though, 'bank' IS a 4 letter word.
I mean if you don't like someone, dont you call them a 'bank'? (as in "ah, your a bank" - huge insult I reckon) :-)
From your ole' mate Jeff
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AA003
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| posted on December 8th, 2011 at 06:22 AM |
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| Quote: | Originally
posted by beetleboyjeff
Bear in mind though, 'bank' IS a 4 letter word.
I mean if you don't like someone, dont you call them a 'bank'? (as in "ah, your a bank" - huge insult I reckon) :-)
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I've heard of people being called "bankers". Or it sounds like bankers.
I read it on samba, so it must be correct.
Sometimes Volkswagen dealers sell spare parts. Amazing isn't it!
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 Bizarre
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| posted on December 8th, 2011 at 06:35 AM |
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just to throw a spanner in the works.
The large amount of reserves that the banks are currently holding certainly helped us through the last GFC - that and the government economic stimulus
package and the Reserves rate cutting.
My opinion is another GFC is comming.
I would rather have our 4 major banks than the tin pots in USofA or most of the European ones
Futue te ipsum!!!
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h
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| posted on December 8th, 2011 at 07:41 AM |
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^ yep
ATM in eastern Europe, Latvia, the major bank in the country has faltered with all of the ppls savings gone, all the pensions paid from the govt to
the pensioners gone n as ppl tried to pull there $ out of the bank they put a max withdrawal limit on them around $250 or something like that nominal
amount to try n keep what's left of it afloat
just imagine the KHAOS if they came here 
I feel we are in GFC # 2 but the numbers to be measured haven't caught up just yet
Merry Christmas everyone
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Poolio the VW ganster 2
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| posted on December 8th, 2011 at 07:45 AM |
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Banks have one problem greedy CEO's that have their wage hooked up to share performance and profit margins they do not give a you know what about
punters that borrow money they just concentrate on shares & profits and their final payout of millions.
I agree with others comments go with building societies non profit if you can run by unions or groups like teachers or police
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AA003
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| posted on December 8th, 2011 at 08:15 AM |
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| Quote: | Originally
posted by Poolio the VW ganster 2
I agree with others comments go with building societies non profit if you can run by unions or groups like teachers or police
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Their loans are usually dearer.
I read it on samba, so it must be correct.
Sometimes Volkswagen dealers sell spare parts. Amazing isn't it!
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donn
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| posted on December 8th, 2011 at 08:45 AM |
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| Quote: | Originally
posted by AA003
| Quote: | Originally
posted by Poolio the VW ganster 2
I agree with others comments go with building societies non profit if you can run by unions or groups like teachers or police
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Their loans are usually dearer.
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Not where I deal, and they are profitable even after giving heaps to charities, 
I dream of a day when a chicken can cross a road without being asked for it's motive!
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1303Steve
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| posted on December 8th, 2011 at 08:58 AM |
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Hi
Having paid 13.5% capped and upto 19% uncapped in the past, I think borrowers are getting a good deal. I would rather have safe banks than be like
some overseas countries.
Steve
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ian.mezz
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| posted on December 8th, 2011 at 09:10 AM |
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stuff having all the money in banks , who says they are doing the right thing with it.
try getting a loan with no job .
the world needs cash flow.
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vassy66T1
A.k.a.: Marcus Vass
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| posted on December 8th, 2011 at 09:43 AM |
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| Quote: | Originally
posted by ian.mezz
stuff having all the money in banks , who says they are doing the right thing with it.
try getting a loan with no job .
the world needs cash flow.
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Well said Ian.
That is what the rate cut is about.
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vwo60
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| posted on December 8th, 2011 at 10:00 AM |
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Unfortunatly we live in a capitalist society, bussiness needs to make a profit, we just have to put up with it, we are a lot better of currently that
a lot of other countries but that will remain to be seen for how long
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donn
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| posted on December 8th, 2011 at 10:51 AM |
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| Quote: | Originally
posted by vwo60
Unfortunatly we live in a capitalist society, bussiness needs to make a profit, we just have to put up with it, we are a lot better of currently that
a lot of other countries but that will remain to be seen for how long
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Unfortunatly ? What's the better alternative ?
I dream of a day when a chicken can cross a road without being asked for it's motive!
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AA003
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| posted on December 8th, 2011 at 11:01 AM |
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| Quote: | Originally
posted by donn
| Quote: | Originally
posted by AA003
| Quote: | Originally
posted by Poolio the VW ganster 2
I agree with others comments go with building societies non profit if you can run by unions or groups like teachers or police
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Their loans are usually dearer.
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Not where I deal, and they are profitable even after giving heaps to charities,
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And which bank does your credit union deal with?
I read it on samba, so it must be correct.
Sometimes Volkswagen dealers sell spare parts. Amazing isn't it!
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sander288
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| posted on December 8th, 2011 at 11:05 AM |
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| Quote: | Originally
posted by ian.mezz
stuff having all the money in banks , who says they are doing the right thing with it.
try getting a loan with no job .
the world needs cash flow.
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Why would the bank loan you cash if you had no job? They arn't a charity!
I wouldn't loan anyone money if I didn't think they had the means to pay me back
On the note of interest rates; well with only 4 big players in the banking sector they can pretty much do what they like.
What the government needs to do is have its own government owned bank who interest rate is the rate set by the reserve; this is how Comm Bank used to
operate and it would keep the others honest.
The reserve really has no power as it's not actually offering the rate as a service for consumers; if the reserve was actually a lender to consumers
and not to the government I'm sure the big 4 would be trying to compete.
My 2c....
I think in Australia our bigger worry is Woolies and Coles dominating every base need in our economy. If they are able to control every item that is
included as CPI then what do you think will happen to prices of everything?
Cheers
Shaun
Ps What do I know; I just like Volkswagens!
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donn
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| posted on December 8th, 2011 at 11:07 AM |
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| Quote: | Originally
posted by vwo60
Unfortunatly we live in a capitalist society, bussiness needs to make a profit, we just have to put up with it, we are a lot better of currently that
a lot of other countries but that will remain to be seen for how long
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Unfortunatly ? What's the better alternative ?
I dream of a day when a chicken can cross a road without being asked for it's motive!
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ian.mezz
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| posted on December 8th, 2011 at 12:20 PM |
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| Quote: | Originally
posted by sander288
| Quote: | Originally
posted by ian.mezz
stuff having all the money in banks , who says they are doing the right thing with it.
try getting a loan with no job .
the world needs cash flow.
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Why would the bank loan you cash if you had no job? They arn't a charity!
I wouldn't loan anyone money if I didn't think they had the means to pay me back
On the note of interest rates; well with only 4 big players in the banking sector they can pretty much do what they like.
What the government needs to do is have its own government owned bank who interest rate is the rate set by the reserve; this is how Comm Bank used to
operate and it would keep the others honest.
The reserve really has no power as it's not actually offering the rate as a service for consumers; if the reserve was actually a lender to consumers
and not to the government I'm sure the big 4 would be trying to compete.
My 2c....
I think in Australia our bigger worry is Woolies and Coles dominating every base need in our economy. If they are able to control every item that is
included as CPI then what do you think will happen to prices of everything?
Cheers
Shaun
Ps What do I know; I just like Volkswagens!
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cause you lost your job, because they didn't pass on the interest cuts and you lost your home and things went to shit.
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donn
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| posted on December 8th, 2011 at 01:16 PM |
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| Quote: | Originally
posted by AA003
| Quote: | Originally
posted by donn
| Quote: | Originally
posted by AA003
| Quote: | Originally
posted by Poolio the VW ganster 2
I agree with others comments go with building societies non profit if you can run by unions or groups like teachers or police
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Their loans are usually dearer.
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Not where I deal, and they are profitable even after giving heaps to charities,
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And which bank does your credit union deal with?
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Not a credit union, Greater than that,
I dream of a day when a chicken can cross a road without being asked for it's motive!
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BeetleJuice
A.k.a.: Craig Paton
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| posted on December 8th, 2011 at 01:36 PM |
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ANZ have just released that they will be passing on the full 25 basis point cut.
One has to ask what about the rate rises the banks have lifted rates outside of the RBA moves????
FringeDweller
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3amigos
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| posted on December 8th, 2011 at 05:52 PM |
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| Quote: | Originally
posted by h
^ yep
ATM in eastern Europe, Latvia, the major bank in the country has faltered with all of the ppls savings gone, all the pensions paid from the govt to
the pensioners gone n as ppl tried to pull there $ out of the bank they put a max withdrawal limit on them around $250 or something like that nominal
amount to try n keep what's left of it afloat
just imagine the KHAOS if they came here
I feel we are in GFC # 2 but the numbers to be measured haven't caught up just yet
Merry Christmas everyone
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the numbers will..and the banks are in deep shit...Europe is a ticking bomb...
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3amigos
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| posted on December 8th, 2011 at 05:54 PM |
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| Quote: | Originally
posted by donn
| Quote: | Originally
posted by vwo60
Unfortunatly we live in a capitalist society, bussiness needs to make a profit, we just have to put up with it, we are a lot better of currently that
a lot of other countries but that will remain to be seen for how long
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Unfortunatly ? What's the better alternative ?
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ditto...
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mactaylor
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| posted on December 8th, 2011 at 06:10 PM |
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| Quote: | Originally
posted by 3amigos
| Quote: | Originally
posted by donn
| Quote: | Originally
posted by vwo60
Unfortunatly we live in a capitalist society, bussiness needs to make a profit, we just have to put up with it, we are a lot better of currently that
a lot of other countries but that will remain to be seen for how long
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Unfortunatly ? What's the better alternative ?
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ditto...
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Its called a benevolent dictator, but that aint gunna happen so what we need is to firm up our exports like the US does when it gets in the shit so
trade tariffs on imports and loosen the export regs on the mining and manufacture sectors and stem the labour expenditure and fuck the extreme union
workers off!
EVERLAST CONCRETE TANKS
1800 552 123
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