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How exposed are the Aussie banks to the Euro bond markets

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  • 23-11-2010 4:26am
    #1
    padrepio
    Registered Users Posts: 76 ✭✭


    Anyone have an idea how exposed the Aussie banks are to the European bond markets.

    There sure is turbulence in the air. imo the german/french/uk banks are knee deep in flaky bonds quite possibly the US too. Guess the Aussie banks and pension funds will have some exposure but is it endemic. Lets hope not.


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    #2
    Uuuh Patsy
    Closed Accounts Posts: 267 ✭✭Uuuh Patsy


    Sorry Mate, but it seems that the people just dont get it...

    The real ramifications of what is going down here. You have to understand that you as a taxpayer YOU are liable for every single dodgy deal or gamble that the banks in Australia are involved in. They dont have to worry whatsoever as ultimately you will pay for it.

    And if you understand that the bank has no real collateral to back up all those loans they dish out (as they dont have gold or such to back it up) then it wont take too much to work out that the longer the boom goes on, and the more loans the give out the bigger your liability..

    Its only a matter of time so now the time to prepare yourself...

    This is the way its always been, and the whole point of the banking system...

    Trying not to sound like a consipracy wack job, but between us the public, the banking class and the politicians, you need to understand that you are right down the bottom of the list.. FACT


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