Don McKenzie wrote
keithr wrote
>> Tell that to ANZ bank, I went in to the local branch, where I keep
>> my accounts, to buy USD200 in cash, they wanted $A198! Thats the
>> sort of rate that you expect from the rip off artists at the
>> airport, not your local bank.
> Only reason OZ banks survived the GFC is that they are greedy.
Thats just plain wrong. They all survived the GFC because they werent allowed to do what the stupid yanks allowed theirs to do.
Same thing happened with Canada too, not one of their retail banks imploded spectularly or even needed to bailed out by govt either.
Many world banks went under, but not OZ.
Not in plenty of other places too.