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Bob38S
28th April 2006, 11:12 AM
How do they [all banks] get away with it?
ANZ - one of the minor banks has managed to "accumulate" $1.8 bn in 6 months.
I can understand how a person who works with their hands and produces an item can make money.
I can understand how a person who works with their head and provides a service can make money.
I know why and how it happens but I really do have a problem with money "earning" an excessive amount of money.
The ANZ is the first to declare - any guesses as to what the amount will be when the 3 majors declare theirs.
Is ther a way to beat them?
How?
Bob

bitingmidge
28th April 2006, 11:20 AM
Bob,

There's no reason to beat them, just become a part-owner.

We shareholders like what they are doing at the moment! :D :D :D

P