super tax banking not mining
Jun 13th 2010, 4:07 am
#1
Forum Regular
Thread Starter
Joined: Oct 2005
Posts: 72
super tax banking not mining
Bank profits soared even through the financial crisis while others were losing their homes banks were bringing out more and higher fees when is enough enough!
commonwealth bank profits are higher every year than rio tinto australia.
just look at what is involved in the mining iindustry to make the same profits as banks, who just sit on their butts and just keep charging for nothing!
commonwealth bank profits up 36% to 2.9 billion for 6 months trading.
http://www.commbank.com.au/about-us/...ation/results/.
A finance guy said on the radio the other day that banks used to make money form the the borrowing and lending of money, but now equally from fees.
all the banks did through the financial crisis was to axe jobs while profits soared what is up with the government for letting this happen .
How much money do the banks and telephone companies screw off us when you phone your bank and have to speak to robots only to find all lines are busy call back next time just how much money are they robbing form us ENOUGH IS ENOUGH :
commonwealth bank profits are higher every year than rio tinto australia.
just look at what is involved in the mining iindustry to make the same profits as banks, who just sit on their butts and just keep charging for nothing!
commonwealth bank profits up 36% to 2.9 billion for 6 months trading.
http://www.commbank.com.au/about-us/...ation/results/.
A finance guy said on the radio the other day that banks used to make money form the the borrowing and lending of money, but now equally from fees.
all the banks did through the financial crisis was to axe jobs while profits soared what is up with the government for letting this happen .
How much money do the banks and telephone companies screw off us when you phone your bank and have to speak to robots only to find all lines are busy call back next time just how much money are they robbing form us ENOUGH IS ENOUGH :
Jun 13th 2010, 4:17 am
#2
Worongary
Joined: Sep 2005
Location: GC hinterland
Posts: 10,288
Re: super tax banking not mining
Bank profits soared even through the financial crisis while others were losing their homes banks were bringing out more and higher fees when is enough enough!
commonwealth bank profits are higher every year than rio tinto australia.
just look at what is involved in the mining iindustry to make the same profits as banks, who just sit on their butts and just keep charging for nothing!
commonwealth bank profits up 36% to 2.9 billion for 6 months trading.
http://www.commbank.com.au/about-us/...ation/results/.
A finance guy said on the radio the other day that banks used to make money form the the borrowing and lending of money, but now equally from fees.
all the banks did through the financial crisis was to axe jobs while profits soared what is up with the government for letting this happen .
How much money do the banks and telephone companies screw off us when you phone your bank and have to speak to robots only to find all lines are busy call back next time just how much money are they robbing form us ENOUGH IS ENOUGH :
commonwealth bank profits are higher every year than rio tinto australia.
just look at what is involved in the mining iindustry to make the same profits as banks, who just sit on their butts and just keep charging for nothing!
commonwealth bank profits up 36% to 2.9 billion for 6 months trading.
http://www.commbank.com.au/about-us/...ation/results/.
A finance guy said on the radio the other day that banks used to make money form the the borrowing and lending of money, but now equally from fees.
all the banks did through the financial crisis was to axe jobs while profits soared what is up with the government for letting this happen .
How much money do the banks and telephone companies screw off us when you phone your bank and have to speak to robots only to find all lines are busy call back next time just how much money are they robbing form us ENOUGH IS ENOUGH :
stamp your feet
hold your breath till your blue in the face
but the saddest fact of all is that the aussies are so laid back they wont do anything, sure the`ll grumble abit but then is back to
she`ll be right mate ( roughly translated means fakit i carnt be bothered )
take the petrol companies i noted this morning because ita a long weekend standard ron 95 is 146 a ltr wtf
it was 132 on tuesday ( same garage ) do you aussies marching in the street or refusing to use certain companies till its sorted?
no
and you wont
why?
because
she`ll be right mate
Jun 13th 2010, 4:32 am
#3
Forum Regular
Thread Starter
Joined: Oct 2005
Posts: 72
Re: super tax banking not mining
seems like aussies need to start breeding with the french they do not let their government get away with anything , good on em.
Jun 13th 2010, 4:45 am
#4
Guest
Posts: n/a
Re: super tax banking not mining
Buying petrol on a Tuesday or Wednesday will likely result in a saving of between 5-10cents per litre. It has also been shown that depending on your location, the savings can be even greater – ranging upwards of 15cents for city based areas such as the Sydney CBD.
http://www.savingsguide.com.au/what-...ay-for-petrol/
http://www.savingsguide.com.au/what-...ay-for-petrol/
Jun 13th 2010, 5:27 am
#5
Harrip
Joined: Nov 2004
Posts: 495
Re: super tax banking not mining
Apparently Friday is the new Tuesday - http://www.brisbanetimes.com.au/quee...0611-y1zd.html
Jun 13th 2010, 5:51 am
#6
Guest
Posts: n/a
Re: super tax banking not mining
Apparently Friday is the new Tuesday - http://www.brisbanetimes.com.au/quee...0611-y1zd.html
Gold Coast
132.4 Saturday (12-Jun-10)
123.1 Friday (11-Jun-10)
124.7 Thursday (10-Jun-10)
127.1 Wednesday (9-Jun-10)
129.6 Tuesday (8-Jun-10)
132.5 Monday (7-Jun-10)
134.0 Sunday (6-Jun-10)
131.3 May's average price
Brisbane
132.8 Saturday (12-Jun-10)
123.5 Friday (11-Jun-10)
124.9 Thursday (10-Jun-10)
126.9 Wednesday (9-Jun-10)
129.0 Tuesday (8-Jun-10)
131.3 Monday (7-Jun-10)
132.8 Sunday (6-Jun-10)
131.2 May's average price
Jul 24th 2010, 6:18 am
#7
Forum Regular
Joined: Jan 2010
Posts: 188
Re: super tax banking not mining
Bank profits soared even through the financial crisis while others were losing their homes banks were bringing out more and higher fees when is enough enough!
commonwealth bank profits are higher every year than rio tinto australia.
just look at what is involved in the mining iindustry to make the same profits as banks, who just sit on their butts and just keep charging for nothing!
commonwealth bank profits up 36% to 2.9 billion for 6 months trading.
http://www.commbank.com.au/about-us/...ation/results/.
A finance guy said on the radio the other day that banks used to make money form the the borrowing and lending of money, but now equally from fees.
all the banks did through the financial crisis was to axe jobs while profits soared what is up with the government for letting this happen .
How much money do the banks and telephone companies screw off us when you phone your bank and have to speak to robots only to find all lines are busy call back next time just how much money are they robbing form us ENOUGH IS ENOUGH :
commonwealth bank profits are higher every year than rio tinto australia.
just look at what is involved in the mining iindustry to make the same profits as banks, who just sit on their butts and just keep charging for nothing!
commonwealth bank profits up 36% to 2.9 billion for 6 months trading.
http://www.commbank.com.au/about-us/...ation/results/.
A finance guy said on the radio the other day that banks used to make money form the the borrowing and lending of money, but now equally from fees.
all the banks did through the financial crisis was to axe jobs while profits soared what is up with the government for letting this happen .
How much money do the banks and telephone companies screw off us when you phone your bank and have to speak to robots only to find all lines are busy call back next time just how much money are they robbing form us ENOUGH IS ENOUGH :
In general a bank will operate on 1% profit,or 2% net interest margin.
$500 billion lent out will produce $5 billion in net profit (1%),hardly huge is it.To check, well ,3 mortgages for $1million means they would have 1.5 million mortgages,a little high but this is general discussion .Obviously all profit does not come from mortgages but most of it does.
For a net interest margin of 2% shall we say the $500 bill is lent out at 7% producing $35 billion in income.The bank borrows the money at 5%thus pays out $25 billion.
Add $2 billlion in fee income gross profit is $12 billion.take off wages,rent ,bad loans and the many other things and you are left with around $7 billion
Tax that at 30% and you are left with around $5 billion.(70 x 30% = 21 70-21 =49 just add the 0's on).
The annual report (the thing people will never read) will give the exact breakdown.
The govt will never be able to make people think or see reality,you have to decide to do it for yourself.
Now the question that nobody will ever answer,should the crowd be right and these companies are making huge profits then the course of action would be ,buy shares in these companies,settle back and collect the dividends every year.Or spend a lifetime complaining because the make a profit.
The annual report will also give the answer to that one,99.4% of people will never directly buy 1000 shares in any company.keep telling yourself those 99.4% of people are the ones with the answers.They don"t have the answers,they only have the complaints
A bank is a very simple thing to analyse as long as they don't listen to financial experts and their advanced maths.Always beware of geeks bearing formulas.
geordie downunder
Jul 24th 2010, 6:49 am
#11
Forum Regular
Joined: Jan 2010
Posts: 188
Re: super tax banking not mining
I'm not in support of the bullshit that the crowd and the experts keep repeating.
Jul 24th 2010, 7:50 am
#12
BE Enthusiast
Joined: Jan 2008
Posts: 371
Re: super tax banking not mining
you can scream and shout,
stamp your feet
hold your breath till your blue in the face
but the saddest fact of all is that the aussies are so laid back they wont do anything, sure the`ll grumble abit but then is back to
she`ll be right mate ( roughly translated means fakit i carnt be bothered )
take the petrol companies i noted this morning because ita a long weekend standard ron 95 is 146 a ltr wtf it was 132 on tuesday ( same garage )
do you aussies marching in the street or refusing to use certain companies till its sorted?
no
and you wont
why?
because
she`ll be right mate
stamp your feet
hold your breath till your blue in the face
but the saddest fact of all is that the aussies are so laid back they wont do anything, sure the`ll grumble abit but then is back to
she`ll be right mate ( roughly translated means fakit i carnt be bothered )
take the petrol companies i noted this morning because ita a long weekend standard ron 95 is 146 a ltr wtf
it was 132 on tuesday ( same garage ) do you aussies marching in the street or refusing to use certain companies till its sorted?
no
and you wont
why?
because
she`ll be right mate
Considering that 25% of the population is foreign born and another 25% of the population is their children thats 50% of the population who are not 'Aussies'. Why dont you lot do something ab out it then if youre so much wiser and have the balls to take action.
