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Thread: Black Monday

  1. #5971
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    Quote Originally Posted by macduffy View Post
    And who do you think are going to pay for these higher capital requirements?

    RBNZ estimates 0.2% increase

  2. #5972
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    Them . they make such a killing out of us.Note their share prices all going up to day in aus in response to this terrible imposition on them. They are mini cannibal vampire squids much like goldman sachs

  3. #5973
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    Hats off to ORR best guvnor we've ever had and good on him not letting the white anting pressure from the ruthless banks get to him. A 7 year time frame hardly onerous and lets remember why he is doing it, so we dont have to bail them out down the line. You can handle a SLIGHTT reduction in div mac, take one for Team NZ, we are.

  4. #5974
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    I think the big 4 stripped about $5 billion in profits from the NZ economy last year. When will Kiwi's wake up and realise there's no need to allow all those profits to flow overseas. There's Kiwibank and TSB Bank, (currently matching any big Aussie banks best lending offer) and of course Heartland Bank, SBS and the Co-op Bank. New capital requirements and transition period don't look too odious.
    Last edited by Beagle; Yesterday at 05:09 PM.
    No butts, hold no mutts, (unless they're the furry variety).

  5. #5975
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    You can handle a SLIGHTT reduction in div mac, take one for Team NZ, we are.
    You're right. All those with money in Kiwisaver and/or certain managed funds will take one for the team.

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