Tag: Bankers
Put the bankers, not journalists, in the dock
Posted by John, June 4th, 2019 - under Uncategorized.
Tags: Bankers, Banking; Hayne Royal Commission, Banks
Comments: 1
Two things happened on Tuesday that caught my attention. The first was the decision of the Reserve Bank of Australia to cut the cash rate by 25 basis points or 0.25%, from 1.50% to 1.25%. According to the RBA, the cash rate is ‘the overnight money market interest rate.’ It is essentially the rate the […]
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The #BankingRC, the Turnbull Government and protecting the Big Four
Posted by John, April 23rd, 2018 - under Royal Commission into banks.
Tags: Bankers, Banks
Comments: none
In Independent Australia I discuss the Turnbull Government’s ongoing commitment to protecting the banks’ profitability, even gifting them billions in tax cuts, as the Banking Royal Commission continues to uncover “utterly shocking” truths. https://independentaustralia.net/politics/politics-display/the-bankingrc-the-turnbull-government-and-protecting-the-big-four,11425
My heart bleeds for the poor banks
Posted by John, October 12th, 2016 - under Uncategorised.
Tags: Bankers, Banks
Comments: none
Public anger builds and banking oligopoly and corruption are set to continue as Turnbull announces banking tribunal instead of a royal commission.
To read my full report in Independent Australia click through here to get to the article. The big 4 Australian banks said ‘sorry’ so Turnbull announces tribunal instead of Royal Commission
Let’s get serious about bashing the banks
Posted by John, March 5th, 2012 - under Uncategorised.
Tags: Bankers, Banks
Comments: 1
Get some perspective, people! Don’t you know the banks are in a parlous state and they need our sympathy and support in their hour of need? After-all, the big-four only made $24.3 billion in profit last year – which would leave barely $14 billion remaining after, say, funding the total investment in new public transport infrastructure in Australia and New Zealand made in the first decade of this century.
How about a super profits tax on the banks then?
Posted by John, December 7th, 2011 - under Nationalisation, Profit rates, Profits, Super profits.
Tags: Bankers, Banks
Comments: 3
So here we have the most profitable banks in the world, the big 4 Australian banks with $31 billion in profits, not prepared to pass on a 0.25% overnight cash rate reduction to their customers on their home and business loans.
Soak the bastards, Treasurer. Hit them with a super profits tax, or threaten to do that.
And when they claim that that would impact on their costs of lending and would need to be recouped, threaten them with interest rate controls and mention you might set up a people’s bank. Oh, I forgot, we used to have one of them until the previous Labor Government flogged it off.
Maybe we should nationalise the banks under workers’ control instead.
Bankers: taking us to the cleaners
Posted by John, December 16th, 2009 - under Socialism, Waste recycle workers.
Tags: Accountants, Advertising agents, Bankers, Capitalism, Cleaners, Hospital cleaners
Comments: 5
Bankers are a pack of worthless, useless, value destroying arseholes. And these money grubbing low life get paid millions to stuff things up and then survive on handouts from us and pay themselves huge bonuses for their ‘success’. It’s good to know that the latest research, from the New Economics Foundation, backs me up. According to their most recent report A bit […]