Interest Rates on Hold for another month

[Fudge]

RBA has left interest rates as is.

http://news.domain.com.au/domain/real-estate-news/surprise-as-rates-stay-steady-20101005-165ip.html

but...........from extract:

The reprieve for borrowers may be short-lived, though, with the big commercial banks flagging their intention to pass on rising funding costs in the form of higher interest rates - perhaps as early as today.

F

 

[mary&mat]

Stoopid banks trying to gouge more money!

When Gayle Kelly (not sure of spelling) takes her home loan to Wesuck rather than CBA$#holes, I'll try not to be so judgemental of the banks.

Is the govt just a toothless tiger up against the big 4 in this situation?

 

[BV]

Is the govt just a toothless tiger up against the big 4 in this situation?

IMO we need a new government owned bank.
That will teach them greedy banks

 

[Jonril]

IMO we need a new government owned bank.
That will teach them greedy banks

Be careful what you wish for, the US govt wanted to help its citizens and created Freddie Mac and Fannie Mae. Last I heard it didn't work out too well.

 

[BV]

the US govt wanted to help its citizens and created Freddie Mac and Fannie Mae. Last I heard it didn't work out too well.

Then you'll also know the reasons it didn't work out.
Banking in Australia is a very profitable business
with very little risk.