Author: RogerMRogerM
Date: Jul 1, 2008 16:48
If Mr Rudd doesn't want to become known as Mr Dud (that appears to be the
way he's going), he needs to do something about the banks......NOW! The
banks are now publicly coming out saying they intend increasing their profit
margins by way of increased interest rates. This is despite the Reserve Bank
stating that there is no foreseeable increase in interest rates over the
next few months.
Now as a suggestion, why not revisit the early days of the Commonwealth Bank
and introduce a new Government funded Bank to assist with lowering these
interest rates? At the moment competition does not exist between the banks,
much like oil companies and soon it will be the Supermarkets.
If you are an investor in real estate and/or home buyer like me and are
hurting with these interest rate hikes, you will possibly agree with me. If
you are retired and living off your interest, I will wear my flamesuit, but
how about some sensible discussion on this idea?
The Aussie dream of home ownership is becoming a nightmare.
Roger
|