[HedgeYourBets]

Lying bankers gouge hundreds of millions from borrowers
Australia Calling
Australia's banks failed to pass on the .25% cut to the official interest rate last week and tried to justify their decision by claiming that their cost of funding had increased. Yesterday it was revealed that their cost of funding had actually gone down and their profitability had increased by hundreds of millions of dollars. Come the New Order, the bankers will have an appointment in Federation Square.
To listen click HERE

[S.T.D.]

Lying bankers gouge hundreds of millions from borrowers
Australia Calling
Australia's banks failed to pass on the .25% cut to the official interest rate last week and tried to justify their decision by claiming that their cost of funding had increased. Yesterday it was revealed that their cost of funding had actually gone down and their profitability had increased by hundreds of millions of dollars. Come the New Order, the bankers will have an appointment in Federation Square.
To listen click HERE

**** this is funny!

Banks aren't a charity, they're ****ing bottom feeders. What does the Australian public expect?

The reason the banks aren't passing on the rate cuts is that they are up **** creek without a paddle. They need that extra profitability to offset the provisioning they are doing on their loan books.