You think we have a banking crisis?... - Page 2

Konovalov · 10-08-08, 02:13 PM

Quote:

Originally Posted by Diopos

Quote:

Originally Posted by Konovalov

Nice one.

Konovalov,
taking into account the current economic crisis maybe it's time to reevaluate your signature!

I was wondering how long it would be before someone commented on that sig.

Hitman · 10-08-08, 03:01 PM

Let us see now if there is still some sense of honour in Japan un like in Europe and USA. Now where are those katanas to perform sepukku / hara kiri ?

bookworm_020 · 10-08-08, 06:40 PM

In Australia the four biggest banks are sitting pretty, as they aren't exposed directly to the losses (or very little exposure) and have less 0.5 of a percent in sub prime loans, this means that the loans they do have are far smaller risk. Because of this they can boost there profits by not passing on the full intrest rate cut (0.8% instead of 1%) as well as jacking up the intrest rates when the credit crunch hit.

I know there profits aren't going to take a dive, one of them is even buying up the Australian arm of one of the failed US banks for peanuts, and it's profitable from day one!

http://business.smh.com.au/business/...1008-4wsq.html

10-08-08, 03:01 PM	#17
Hitman Pacific Aces Dev Team Join Date: Sep 2002 Location: Spain Posts: 6,109 Downloads: 109 Uploads: 2	Let us see now if there is still some sense of honour in Japan un like in Europe and USA. Now where are those katanas to perform sepukku / hara kiri ? __________________ One day I will return to sea ...

10-08-08, 06:40 PM	#18
bookworm_020 Navy Seal Join Date: Aug 2005 Location: Sinking ships off the Australian coast Posts: 5,966 Downloads: 1 Uploads: 0	In Australia the four biggest banks are sitting pretty, as they aren't exposed directly to the losses (or very little exposure) and have less 0.5 of a percent in sub prime loans, this means that the loans they do have are far smaller risk. Because of this they can boost there profits by not passing on the full intrest rate cut (0.8% instead of 1%) as well as jacking up the intrest rates when the credit crunch hit. I know there profits aren't going to take a dive, one of them is even buying up the Australian arm of one of the failed US banks for peanuts, and it's profitable from day one! http://business.smh.com.au/business/...1008-4wsq.html __________________ "There is always one person in any organization who knows whats going on, That person must be fired"