Comments on: Commonwealth Bank Profits Hit By Credit Crunch http://www.dailyreckoning.com.au/commonwealth-bank-cba/2008/02/13/ An independent perspective on the Australian and global investment markets Sat, 21 Nov 2009 17:27:32 -0600 http://wordpress.org/?v=2.8 hourly 1 By: novosonic http://www.dailyreckoning.com.au/commonwealth-bank-cba/2008/02/13/comment-page-1/#comment-7411 novosonic Wed, 13 Feb 2008 21:43:06 +0000 http://www.dailyreckoning.com.au/commonwealth-bank-cba/2008/02/13/#comment-7411 ha ha ha..... who it their right mind would buy bank stocks or financials.... pull the plug... beep beep beep beep beep beep beep beep beep beep beep ____________________________ flatline. now if mugumbo guru sends $5 for my cd sampler and $5 for my dvd, and includes $20 for overnight air freight (cash) i'll send him two discs plus a $30 collectible 1969-D half dollar ! (bill included)........ com'on the PARTY is about to begin........ ha ha ha..... who it their right mind would buy bank stocks or financials.... pull the plug... beep beep beep beep beep beep beep beep beep beep beep ____________________________ flatline.

now if mugumbo guru sends $5 for my cd sampler and $5 for my dvd, and includes $20 for overnight air freight (cash) i'll send him two discs plus a $30 collectible 1969-D half dollar ! (bill included)........

com'on the PARTY is about to begin........

]]> By: John http://www.dailyreckoning.com.au/commonwealth-bank-cba/2008/02/13/comment-page-1/#comment-7382 John Wed, 13 Feb 2008 17:40:41 +0000 http://www.dailyreckoning.com.au/commonwealth-bank-cba/2008/02/13/#comment-7382 Maybe I'm looking at this from the wrong angle, but as Australia keeps raising rates and the rest of the world keeps lowering, we should see a large flow of capital into Australia from the rest of the world. And why can't they securitize mortgages if the rates are close to double digits? That's a huge risk premium. Maybe I'm looking at this from the wrong angle, but as Australia keeps raising rates and the rest of the world keeps lowering, we should see a large flow of capital into Australia from the rest of the world.

And why can't they securitize mortgages if the rates are close to double digits? That's a huge risk premium.

]]> By: christina http://www.dailyreckoning.com.au/commonwealth-bank-cba/2008/02/13/comment-page-1/#comment-7350 christina Wed, 13 Feb 2008 14:46:00 +0000 http://www.dailyreckoning.com.au/commonwealth-bank-cba/2008/02/13/#comment-7350 I heard that during the last war and great depression, the Commonwealth bank suspended payments on houses for a while, to help home buyers. It went down in history as "what a kind bank they were" Many of those customers would still be with them now- and their kids kids etc. I know I am because of the stories my Mum told me about all that, how nise they were to the battlers back then. Now, if they were smart, they would use that to their advantage in their marketing and tell people about it now. With a headline like "We survived the last great crash, so you know we'll survive this one too" Or: "We helped your grandparents out of the same mess, and we'll help you too" Or how about "We came through the great depression and war stronger than ever and we helped our customers then- so yo can trust us to help you now too" Or how bout this headline: "9000 banks in America went broke during the last great depression, but we stayed open and remained stronger than ever AND we helped our customers to survive through the crisis!" Now that would be some smart marketing. They would acquire more customers for generations to come if they did that. Being a marketer myself, I know this to be true. But no, instead they decide to be cheeky and go the opposite way. They raise their rate more than the reserve bank says to, and act terribly, as though their customers are nothing to them. They should remember one key point- the coming depression will last say 13-15 years. People do remember how they have been treated you know. After 13-15 years- what do they think all their customers will do then who have been treated like dirt- thats right- I'll bet they all say seeya later. And they'll tell their kids, and they'll tell their kids etc etc. For generations to come, they will go down in history as idiots who did that. And they had the best marketing angle- a history of helping people. Why are they stuffing it up for themselves? I heard that during the last war and great depression, the Commonwealth bank suspended payments on houses for a while, to help home buyers. It went down in history as "what a kind bank they were" Many of those customers would still be with them now- and their kids kids etc. I know I am because of the stories my Mum told me about all that, how nise they were to the battlers back then. Now, if they were smart, they would use that to their advantage in their marketing and tell people about it now. With a headline like "We survived the last great crash, so you know we'll survive this one too"
Or: "We helped your grandparents out of the same mess, and we'll help you too" Or how about "We came through the great depression and war stronger than ever and we helped our customers then- so yo can trust us to help you now too" Or how bout this headline: "9000 banks in America went broke during the last great depression, but we stayed open and remained stronger than ever AND we helped our customers to survive through the crisis!" Now that would be some smart marketing. They would acquire more customers for generations to come if they did that. Being a marketer myself, I know this to be true. But no, instead they decide to be cheeky and go the opposite way. They raise their rate more than the reserve bank says to, and act terribly, as though their customers are nothing to them. They should remember one key point- the coming depression will last say 13-15 years. People do remember how they have been treated you know. After 13-15 years- what do they think all their customers will do then who have been treated like dirt- thats right- I'll bet they all say seeya later. And they'll tell their kids, and they'll tell their kids etc etc. For generations to come, they will go down in history as idiots who did that. And they had the best marketing angle- a history of helping people. Why are they stuffing it up for themselves?

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