Australian Politics Forum - ANZ raises interest rates

adelcrow Gold Member Offline Australian Politics Posts: 20133 everywhere Gender:	Re: ANZ raises interest rates Reply #15 - Feb 10^th, 2012 at 7:20pm Banks do what is best for themselves and their shareholders. No private Aussie bank has ever done what is best for the govt of the day.
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longweekend58

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Re: ANZ raises interest rates
Reply #16 - Feb 10^th, 2012 at 7:27pm

buzzanddidj wrote on Feb 10^th, 2012 at 7:18pm:

longweekend58 wrote on Feb 10^th, 2012 at 3:18pm:

the 0.06% rate rise is so trivial as to almost be beyond meaning EXCEPT that the ANZ has effectively signalled that THEY will be deciding rates, not the government.

never happened under the Libs. now under Swan, it has happened almost ever since he became treasurer.

I have not a DOUBT you don't believe this "tosh" about the banks not putting up rates because Costello TOLD them not to

In a case of "opportunism" your "argument" is a flimsy attempt to talk up Costello and the Howard Government - and talk down Swan and Labor

This trend of banks not following every trend of the RBA ( ... to the decimal point) began under COSTELLO - in the last rise before the 2007 Federal Election

12 years of success and one politically motivate failure (the banks knew it was political dynamite) and you think it was s constello trend? The banks didnt fear costello by october 2007 because they knoew (as did everyone else) that he had a mere 4 weeks left in the job. They knew that his replacement was going to be the George Bush of australian politics - that dumb moron Swan who they knew they could run roughshod over - and did.

The trend started under Swan. you just confuse the starting dates.

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buzzanddidj

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Re: ANZ raises interest rates
Reply #17 - Feb 10^th, 2012 at 7:55pm

longweekend58 wrote on Feb 10^th, 2012 at 7:27pm:

buzzanddidj wrote on Feb 10^th, 2012 at 7:18pm:

longweekend58 wrote on Feb 10^th, 2012 at 3:18pm:

the 0.06% rate rise is so trivial as to almost be beyond meaning EXCEPT that the ANZ has effectively signalled that THEY will be deciding rates, not the government.

never happened under the Libs. now under Swan, it has happened almost ever since he became treasurer.

I have not a DOUBT you don't believe this "tosh" about the banks not putting up rates because Costello TOLD them not to

In a case of "opportunism" your "argument" is a flimsy attempt to talk up Costello and the Howard Government - and talk down Swan and Labor

This trend of banks not following every trend of the RBA ( ... to the decimal point) began under COSTELLO - in the last rise before the 2007 Federal Election

The banks didnt fear costello by october 2007

The banks NEVER "feared" Costello - or any treasurer BEFORE him

These are PURELY market based decisions
They KNOW the market can stand an increase - mortgage rates being at "record lows"

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Your Christians are so unlike your Christ.'

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It_is_the_Darkness

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Re: ANZ raises interest rates
Reply #18 - Feb 10^th, 2012 at 8:40pm

I'm so glad I still haven't taken a 'Home Loan' to 'work for the Banks'.

Sure I rent and it could be seen as 'dead money' - but I pay less in rent to what I would to a bank's interest = savings! Plus I can move around without forking out buy/sell fees, etc.

The money I save gives me a better 'quality' of living.
Sure I've lived in some seedy joints where women throw beer bottles at your door wanting child number 10. "You could be dead tomorrow!" (she shouts Roll Eyes

) and cops turn up almost nightly.
But maybe I will buy a house from some greedy person who bought x5 in the hope of ripping someone off with some over-rated inflated 'boom' pricing ...for just $100,000 ? Wink

because they were forced to sell cheaply to cover costs.

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SUCKING ON MY TITTIES, LIKE I KNOW YOU WANT TO.

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Bobby. Gold Member Offline Australian Politics Posts: 121113 Melbourne Gender:	Re: ANZ raises interest rates Reply #19 - Feb 10^th, 2012 at 9:53pm Hi Nail, This thread just goes to show how Longweekend was wrong about buying houses & property. When will he apologise to the readers on Ozpolitics for providing unsound financial advice to them?
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Emma

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Re: ANZ raises interest rates
Reply #20 - Feb 11^th, 2012 at 4:07am

seems to me.... since deregulation of the banking sector, the major banks have done pretty much as they choose, .. with no thought for anything but their profits and their shareholders.

Whomever the treasurer may be.!! Shocked

Why are we surprised.?
This is our world..... business, profit, is paramount ..and Banks are a business.
Govt always seems to subsidise business. WHY?

I'd much prefer that all non-community based business had to actually make it on their own. WtF should I subsidise them?

NOT off topic.

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live every day

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cods Gold Member Offline Australian Politics Posts: 88048	Re: ANZ raises interest rates Reply #21 - Feb 11^th, 2012 at 5:35am well I am sure the self funded are happy at any rate..I feel for small business myself.. they are doin g it tough already with the markets going against them its a pity our treasurer cant do anything for them
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Bobby. Gold Member Offline Australian Politics Posts: 121113 Melbourne Gender:	Re: ANZ raises interest rates Reply #22 - Feb 11^th, 2012 at 10:24am Bobby. wrote on Feb 10^th, 2012 at 9:53pm: Hi Nail, This thread just goes to show how Longweekend was wrong about buying houses & property. When will he apologise to the readers on Ozpolitics for providing unsound financial advice to them? Where is the apology?
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Sir lastnail

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Re: ANZ raises interest rates
Reply #23 - Feb 11^th, 2012 at 10:30am

Bobby. wrote on Feb 10^th, 2012 at 9:53pm:

Hi Nail,
This thread just goes to show how Longweekend
was wrong about buying houses & property.

When will he apologise to the readers on Ozpolitics for providing
unsound financial advice to them?

He won't because he will just keep blaming someone else as to why his advice was a complete failure Wink

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"If you take out Saddam, I guarantee you that it will have enormous positive reverberations on the region..." - Benjamin Netanyahu in 1995

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Sir lastnail

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Re: ANZ raises interest rates
Reply #24 - Feb 11^th, 2012 at 10:36am

cods wrote on Feb 11^th, 2012 at 5:35am:

well I am sure the self funded are happy at any rate..I feel for small business myself.. they are doin g it tough already with the markets going against them its a pity our treasurer cant do anything for them

large business are doing alright with all the bailouts. Too big to fail I suppose. But small business are dispensable because they don't register on the political radar Sad

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"If you take out Saddam, I guarantee you that it will have enormous positive reverberations on the region..." - Benjamin Netanyahu in 1995

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Bobby.

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Re: ANZ raises interest rates
Reply #25 - Feb 11^th, 2012 at 10:44am

Sir lastnail wrote on Feb 11^th, 2012 at 10:36am:

cods wrote on Feb 11^th, 2012 at 5:35am:

well I am sure the self funded are happy at any rate..I feel for small business myself.. they are doin g it tough already with the markets going against them its a pity our treasurer cant do anything for them

large business are doing alright with all the bailouts. Too big to fail I suppose. But small business are dispensable because they don't register on the political radar Sad

Small business died under howard.

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red baron

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Re: ANZ raises interest rates
Reply #26 - Feb 11^th, 2012 at 7:19pm

buzzanddiddj, I don't have to talk down WAYNE SWAN because every time that bloke opens his mouth he reveals himself as the 'VILLAGE IDIOT'.

Just goes to show you how a doewhacker, if he really huffs and puffs, can get to the top, mediocrity rules O.K. huh?

AS for the ANZ BANK, seriously, how can they still be in business? They were and still are the absolute worst bank in the country. Unbelievably bad! In their business model and every other model they have put up...still there's one born every minute because they keep on making multi billion dollar profits.

Must be a lot of Clive Stoopids out there!

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