jirskyr
Well-known member
@matchball said in [Home Ground situation needs to change](/post/1064264) said:That's ok son. Stay in school.
Westpac is still not a subsidiary of ANZ. If all the banks own little bits of each other, then by your definition, ANZ is a subsidiary of Westpac. And then the companies that own bits of lots of banks, like HSBC and JP Morgan.
And then the investment companies that own lots of bits of lots of companies, because by definition that's what they do. And they may be made up of thousands and millions of Mum-and-Dad investors.
So what you ultimately appear to be saying is that everyone owns a bit of something and some rich folks own a lot. Oh, and a revelation, that big banks make profit.