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Old 04-16-2009, 08:08 AM   #1
HedgeYourBets

Join Date
Aug 2008
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4,655
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Default Australia Calling: lying bankers gouge hundreds of millions from borrowers.
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.
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