Ok Sonofgloin, lets talk facts. So all companies are evil, because one made a healthy profit, this year. What if the resources boom ends, house prices crash and banks lose their shirts? They did in America and Europe, are you crying for those shareholders. As it happens the CBA is largely owned my mum and dad Australians who have a super fund, which would probably include you, so any profits not paid in tax, are put away for your retirement. That is better than you throwing it down the pokies etc.

One company does not make for Australian industry. Plenty of Australian companies are losing their shirts. Don't blame them if they close and move offshore.

If you really think that the CBA are earning too much, you are free to buy some shares in them and put your own shirt on the line.

As it happens, the returns that energy companies make from electricity are only a touch above bank interest. If society wants less coal burnt, more gas, less polluting power stations, etc, society will have to pay for it.

http://www.sbs.com.au/news/article/1664258/How-much-will-my-electricity-bill-rise-under-the-c
I got it wrong in my last post here.
The link is out standing.
And highlights the DELIBERATE MISS LEADING by Abbott's circus.
In question time one of his people claimed 45% rise as a result of the carbon tax.
Wake up Aussies! Gillard is far from the only one telling lies.

Yabby>> Ok Sonofgloin, lets talk facts. As it happens the CBA is largely owned my mum and dad Australians who have a super fund.
That is better than you throwing it down the pokies etc.<<

I am still waiting for you to start talking facts dear Yabby. There was a “spin fact” in your mum and dad statement wasn’t there?
Let’s have a look at the top 10 CBA shareholders:
Coming in at number 9 is AMP Life Limited with 11,330,429 shares being 0.73 in mathematical terms, and I do believe they are the largest super investor, I know you like facts, so much for the super spin you proffered.

In fact the top 20 shareholders own close to 50% of the shares.

Yabby here are the top 4 owners of the CBA.

HSBC Holdings London
J P Morgan
National Nominees Limited
Citicorp Nominees

Who are the major shareholders in the four companies I listed? The European Banking Cartel. Gotta know what you are talking about Yabby, barracking for your side is fine, but spare the bullsheiser please. Mum and dad, they never get near a board room. Banks own the Commonwealth Bank Yabby, it was ours but now it aint.

And on a personal note I bet you would have given Torquemada a run for his money in the Inquisitor stakes. What business is it of yours where the Aussies throw their money. I’ll give you a tip Yabby. Any money thrown down the throat of a pokie stays in our economy, it’s like welfare money, it boosts the domestic economy.

This is of course exactly the opposite to your benefactor HSBC, JP Morgan or Citicorp who grab a large slice of the CBA profits and ship it off overseas year in, year out since it was stolen from us. Not to mention the miners, who are predominantly owned in about the same percentage by the banks who own the CBA.

Worry about your scrub fires and hole digging Yabby and leave the thinking and moral judgments to the East side of the joint.

Oops Sonofgloin, you clearly don't have the foggiest, what Nominees
actually do. They don't own shares, they simply register as owners under a custodial agreement, for tax reasons, other business reasons such as lending out shares for shorting, for anonymity, so that
other companies don't know who is buying or selling etc.

Nearly all the top shareholders are nominees or super funds holding shares directly. Ring you super fund tomorrow and ask them how
many CBA shares that they hold. They should tell you.

Highly likely they use the financial services offered by any of the big banks, including international banks. Nominee holdings is one such service.

No wonder that people like you and Arjay are so confused. You simply lack the education to understand the fundamentals.

Yabby>> Oops Sonofgloin, you clearly don't have the foggiest, what Nominees actually do. They don't own shares, they simply register as owners under a custodial agreement, for tax reasons, other business reasons such as lending out shares for shorting, for anonymity<<

What absolute spin rubbish. Even simple souls understand the concept of nominees, it's who you blame when things go wrong...well enough of the levity.

I’m unsure if you are referring to National Nominees Limited or are you meaning Trustee and Nominee companies, who they represent and the benefit of the association. Either way I know sadly that you have not got a clue, your struggling with along your ...”Ring the super company….they will tell you” qualification.

I don't have to ring Yabby, I told you china, AMP owns 0.75 of the 100% of CBA shares. I even gave you the number of shares. Here is some info on National Nominees Limited, if that was what you were alluding to with that nominee/tax/only Yabby understands rubbish.

>>National Nominees Limited is the number three shareholder for all of the Big Four Banks. It is a wholly owned subsidiary of National Australia Bank Limited<<

Do you want me to tell you who the five major shareholders of the NAB are? You won't be surprized, I wasn't.

Yabby you are full of something commonly refered to as "it", did you convince yourself that what you say is true, just interested, or does someone feed you.

I have given you my number of shares that the AMP holds, give me yours and we can post sources.

Sonofgloin, AMP runs Super funds on behalf of people like you.
Banks run super funds on behalf of people like you. Its all part of
the financial services business. Those shares on not registered in
the name of each of 20 million Australians, but through their super fund, through nominee companies.

Fact is, the ulimate owners are the people with money in their super funds. Where do you think that those 1.3 trillion$ of super money,
which is as much as the whole ASX is worth, are actually invested?

BHP, Rio, Westpac, CBA, ANZ, Woolies, Wesfarmers(Coles) etc.

Once again workers have 1.3 trillion $ in super fund savings. Those funds are invested in things like blue chip Australian companies,
like your CBA.