Posts Tagged ‘obscene profits’

Interest rates and banks

Written By: - Date published: 9:43 am, March 16th, 2016 - 185 comments

Yesterday Andrew Little criticised the banks’ failure to pass on the cut in Official Cash Rate (OCR) to we the people via mortgage / interest rate cuts. Naturally the political right went ballistic.

As the economy stalls it’s a great time to be a bank!

Written By: - Date published: 10:18 am, June 24th, 2015 - 34 comments

Ho ho – what am I saying? It’s always a great time to be a bank.