Hay 579, it's great to be able to agree with you on something. A home loan public owned bank may be a bit messy, but could do the trick, with enough clout to pull the others into line a bit.

I am so glad I've got to where I have no need to borrow from anyone.

Do remember who it was that sold the Commonwealth. It is perfectly true to say that one Labor decision has cost millions of Ozzies billions.

If we don't get rid of Julie soon however, those costs will be very minor compared to what she will, & has all ready, cost us.

Lexi,
Swan is banning exit fees so people have more money left to pay for higher rates left, right & centre.
He's getting his hands on more more money that way. It's not smart at all, it's criminal. Or did you already forget the recent pay rise for parliamentarians. That's the kind of short memory ALP is exploiting. Shame on all the other parliamentarians for not rejecting it.

Lexi/yabby/ even hasbeen thanks comments not lost in a fog of failure to understand.
Our banks are not government owned.
Currently, at the first sign of danger we jump in to protect them.
Because without them we are nothing.
Swan did what every one in his job ever has done, talk the talk walk the walk saying he wants lower interest rates.
Still unable to see why Rechtub fears Swans actions

Yabby, I have no beef with the banks, nor do I have a problem with them passing on costs, however, if anyone should pay super profits tax, it's them.

Belly, you make me laugh at times. Any point if view will do, so long as it differs from mine.

Lexi, les wait and see how great Mr Swan is when people start to loose their jobs and the banks foreclose.

Sorry, I forgot, Mr Swan is also in denial about the looming jobs cricies.

If not for the banks most Aussies would not own their own homes. They are a necessary 'evil' for Australians who want everything instead of saving to get it. They are usually a good excuse to hide one's greed. Sure they are willing to feed that greed but no one makes anyone sign documents in this nation. When our greed is uncovered they are a convenient excuse for all those who fail to take responsibilty for their actions. None more so than our current Government addicted to borrowing and spending.

*however, if anyone should pay super profits tax, it's them.*

Hang on Rectub, the banks return on capital is less then what you
have quoted as being return on capital for your butcher shop.
So why a super profits tax on banks and not butchers?

I remind you that banking can still be a high risk investment. Just
take a look at the shareholders in American, British, and many
European banks, who have just lost their shirts in the last few
years.