Did you know... (FWIW I cannot verify the authenticity of this article) http://www.bfcsa.com.au/index.php/e...loan-from-us-fed-dirty-little-secret-from-gfc
Not sure really. If I had to guess, and it's just a wild guess, i'd say that certain shareholders of Westpac may actually be some of the big banks in the USA. And those big banks may have suggested giving a loan to Westpac or NAB to 'help them out'. News that 'The Fed' gave bailout funds to non-US entities was rumoured many months ago, but it is only now that they get to see exactly who. Perhaps Westpac and NAB never expected that they'd be found out, or maybe they were asked kindly to keep it a secret in case it turned into a public relations nightmare for the Fed. That's my guess
This is old news. The daily Reckoning broke this years ago. A number of members including myself have been commenting on this fact in a lot of threads pertaining to the banking sector. Old Codger, where have you gone?
Thats no guess mate. You are not wrong! It has been posted before of the biggest shareholders in the big 4 Australian Banks.It wasn't the mum and dad shareholders! JP was in them all and each bank had shares in each other. Will search Ss and see if I can find the figures for shareholders! Regards Errol 43
Here you go Spank your bank shows the top 4 shareholders in Australia's 4 major banks, it quite scary when you think about it http://www.spankyourbank.com.au/who-are-the-bank-shareholders
This is a breakdown of the major shareholders of Australian banks. Strangely enough they are all very similar. So much for there being any difference between the big 4 banks. Sourced from: http://www.spankyourbank.com.au/who-are-the-bank-shareholders Top 10 ANZ Shareholders Name of Shareholder Number of Shares % 1 HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 446,984,331 17.46 2 J P MORGAN NOMINEES AUSTRALIA LIMITED 371,451,021 14.51 3 NATIONAL NOMINEES LIMITED 343,611,753 13.42 4 CITICORP NOMINEES PTY LIMITED 98,249,488 3.84 5 COGENT NOMINEES PTY LIMITED 42,380,166 1.66 6 JP MORGAN NOMINEES AUSTRALIA LIMITED CASH INCOME A/C 29,710,001 1.16 7 RBC DEXIA INVESTOR SERVIC ES AUSTRALIA NOMINEES PTY LTD 29,388,568 1.15 8 AMP LIFE LIMITED 25,265,475 0.99 9 CITICORP NOMINEES PTY LIMITED <CF S WSLE GEARED SHR FND A/C> 16,013,808 0.62 10 UBS WEALTH MANAGEMENT AUSTRALIA NOMINEES PTY LTD 13,149,540 0.51 Top 10 CBA Shareholders Name of Holder Number of Shares % 1 HSBC Custody Nominees (Australia) Limited 210,455,886 13.59 2 J P Morgan Nominees Australia Limited 154,853,734 10.00 3 National Nominees Limited 136,450,456 8.81 4 Citicorp Nominees Pty Limited 66,664,831 4.30 5 RBC Dexia Investor Services Australia Nominees Pty Limited 31,979,790 2.06 6 Cogent Nominees Pty Limited 24,434,228 1.58 7 ANZ Nominees Limited 15,756,788 1.02 8 AMP Life Limited 11,330,429 0.73 9 Australian Foundation Investment Company Limited 8,472,900 0.55 10 UBS Wealth Management Australia Nominees Pty Limited 7,462,650 0.48 Top 10 NAB Shareholders Name of Shareholder Number of shares % 1 HSBC Custody Nominees 359,630,439 16.86 2 J P Morgan Nominees Australia Limited 260,185,567 12.20 3 National Nominees Limited 244,446,877 11.46 4 Citicorp Nominees Pty Limited 97,543,050 4.57 5 Cogent Nominees Pty Limited 41,084,898 1.93 6 National Australia Trustees, SSAP & SSOP Control A/Cs 26,107,907 1.22 7 J P Morgan Nominees Australia Limited, Cash Income A/C 21,042,955 0.99 8 AMP Group 19,841,838 0.93 9 RBC Dexia Investor Services Australia Nominees Pty Limited, PIPOOLED A/C 14,053,969 0.66 10 Citicorp Nominees Pty Limited, CFS WSLE Geared SHR Fund A/C 13,358,640 0.63 Top 10 WBC Shareholders Owner Number of Shares % 1 HSBC Custody Nominees (Australia) Limited 444,695,642 14.88 2 JP Morgan Nominees Australia Limited 379,805,564 12.71 3 National Nominees Limited 312,929,618 10.47 4 Citicorp Nominees Pty Limited 143,271,824 4.79 5 RBC Global Services Australia Nominees Pty Limited 73,948,625 2.47 6 Cogent Nominees Pty Limited 57,815,915 1.93 7 AMP Life Limited 26,481,210 0.89 8 Australian Foundation Investment Company Limited 18,236,232 0.61 9 UBS Private Clients Australia Nominees Pty Limited 15,635,906 0.52 10 Australian Reward Investment Alliance 13,802,315 0.46 Apologies for the formatting being all over the place, but you get the idea. Edit: Looks like SilverSurfer both had the same idea - and were both up late last night ... Could he be my long lost twin brother ?
I'm wondering why any major shareholder would elect to have a Fed Reserve "bank" as their nominee unless the actual owner of these shares is none other than he who owns the Fed Reserve Bank itself? (and in turn owns the Fed, => owns the US => owns the entire western world). I'd be looking at those gathered around the tables at Bilderburg as the real "owners" of our big 4 banks, as well as every major bank in every country in the western world.
Hope westpac hits the wall soon. Have been with this institution for 40+years missed a payment and now they are trying to call loan. Come in bendigo. No loyalty. Maybe a name change. WHATAPACK As in what a pack of &@%# ((
In a few years all the banks will be calling in a lot of home loans. Even when no payments are missed. If you can get re-financing, you'll be offered an amount much lower than today's market value.
Anyone else getting a sense of deja vu? :lol: Here is the parallel thread http://forums.silverstackers.com/message-352717.html#p352717
So nearly 1/3 of our financial institution's holdings are nominally backed by HSBC (drug money launders) and JP Morgan (jihad financial terrorists)? And people are worried about China 'saving' this country? The US is the boat anchor around Australia's feet and ironically, China's as well. If the US goes down, it'll drag everyone with it. On the global stage Australia is a piss-ant backwater with larger than life egos thinking we're 'playas' in the global market. A quick look through history on what happens here when the real global power sneeze should give you more of an idea just how much we mean on the world stage. Worst part is, we have barely started any sort of decline in this country economically speaking... we have a sniffle at best. Watch this space.
Only whilst the mortgage insurers are still solvent = not very much IMO. They'll screw their balance sheets if they foreclose too much, and take down their bread and butter at the same time. Personally I think we should look to the US as an indicator - some people not paying mortgages, but also not being evicted.
Look at the debt slavery being hoisted on the former middle class in the USA and you can see the future that Australia's property "investor's" and naively trustful First Home Owner loan recipients are headed. I sighed when I saw on one of the main news channels that 'home sales in the US' were rising. As I understand it underwater mortgages are being package up and sold to Hedge Funds and other groups to rent out. The sort of dystopian nightmare that many fear, and that is what I see as future for many in Australia: legally bound to a long term rental agreement disguised as 'ownership'. Welcome to 100 year leases and the Overlord's mercy. Overall, I see no encouraging signs in our future if you're not part of the 'elite'*. And if they can't nail you with mortgages they'll nail you with power bills and cost of living. When I was involved with raising sheep, we knew to keep the sheep sedate enough that they'd willingly run down the race, but even then occasionally, apparently for no reason at all, one would baulk and try and jump out of the race and the rest would start to panic. Then only brute force would get the line running again. The Banks are our race. The brute force is available. (*and interestingly 'elite' seems to be gaining purchase as a term in the news more and more these days)
Surely if you were a tiny share holder in one of the banks, you would not make J P Morgan a Nominee/ Maybe Super Funds make them a Nominee indirectly on your behalf. Enlighten me as to what actually happens. I love to know about such things. Regards Errol 43
