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Sorry to disappoint Gordon Campbell but to label international firms `Aussie banks' is just jingoistic drivel. A bank registered in one country does not make it a national entity when its shareholders come from anywhere on the globe, including pension funds in Canada and elsewhere. To label money sent from New Zealand subsidiaries of a bank registered in Australia as somehow extracted from NZ and sent to any one country is also nonsense. The Australian head office is no more than a transit stop, with dividends paid to any shareholder anywhere in the world, and interest repaid to other banks and financial institutions who have lent the Australian-based bank funds which it on-lent and collected repayments on. All banks everywhere conform to one law, that is to maximize profits on an international scale of reckoning: indebtedness to international lenders is now a common feature of banks everywhere.Names mean almost nothing in a globalised world, as a look at sporting teams should show Gordon Campbell: witness the Southern African-born people playing cricket for England. Qatar won the Asian Football competition recently with quite a few non-Qatari born players. And so on, and on, and on. Jingoism is a sure sign of emotional and intellectual immaturity.
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