I was pondering over the latest round of big four banks money grabbing exercise by yet again increasing rates well above the RBA .25 basis point rise.
It's okay for Wayne Swan to say ... vote with your feet and move to another bank, .... where does it get you if they are all increasing above the RBA figure.
Wayne Swan is conspicuous by his silence on this subject and the Labour party is quickly becoming a toothless tiger in the mortgage rates area. Even the media is leaving labor alone on this one, ..... it's like they are made of teflon at present ... nothing sticks. Before the election they bagged Liberal for any rate increase ... but labor ... nothing.
You can bet that if Costello was still treasurer he would have least been giving the banks and hard time on TV and in the papers and making the banks accountable .... at the moment the banks are just putting up rates at will and just trot out the same line to justify it and Wayne Swan comes out again and say's .... "vote with your feet" ..... good one Wayne!! ... How about actually trying to do something.
Any thoughts ?
Martin
PS ... Maybe its because it's 4am and we are using CBA for the latest IP purchase that I'm so grumpy ..... lol
It's okay for Wayne Swan to say ... vote with your feet and move to another bank, .... where does it get you if they are all increasing above the RBA figure.
Wayne Swan is conspicuous by his silence on this subject and the Labour party is quickly becoming a toothless tiger in the mortgage rates area. Even the media is leaving labor alone on this one, ..... it's like they are made of teflon at present ... nothing sticks. Before the election they bagged Liberal for any rate increase ... but labor ... nothing.
You can bet that if Costello was still treasurer he would have least been giving the banks and hard time on TV and in the papers and making the banks accountable .... at the moment the banks are just putting up rates at will and just trot out the same line to justify it and Wayne Swan comes out again and say's .... "vote with your feet" ..... good one Wayne!! ... How about actually trying to do something.
Any thoughts ?
Martin
PS ... Maybe its because it's 4am and we are using CBA for the latest IP purchase that I'm so grumpy ..... lol