Profiteering

A great win by Webber, but it sure as hell wasn’t sport

by Dan Walsh

110
Fighting Assad one strongly worded statement at a time

by Tory Maguire

210
The woman with her head down trying to save Labor

by Malcolm Farr

310
Eurovision, the only game worth watching this weekend

by Anthony Sharwood

410
Some sensible thoughts to stop us losing to boozing

by The Punch Team

510
Five sparky ideas from a revolutionary talkfest

by Michelle Loh

610
Are you and your vitamins meant to be friends forever?

by Susie Burrell

710
Punch on: Open thread 28/05/2012

by The Punch Team

810
Abbott’s crass logic: trash the Parliament in order save it

by David Penberthy

910
Our special forces don’t always need special treatment

by Paul Toohey

1010

Time for an inquiry into this bunch of bankers

18 Jan 05:45am

Filed under: Banking, Banks, Capitalism, Economy, Finance, Profiteering

Poor old bankers. They keep telling us how tough it is for them with their funding costs expected to go up and how they will need to keep interest rates inflated.

What a merchant banker. Illustration: Lisa Nolan (cropped)

And if the crying poor line isn’t enough the banks are quick to tell us that we are “picking on them” if we have a debate about how poorly they behave especially when the RBA changes the official interest rate.

Perhaps the “we’re doing it tough” line would carry some weight if the big banks didn’t show record profits year after year and if the banks’ CEOs weren’t getting such big pay packets year after year.

Continue reading "Time for an inquiry into this bunch of bankers" »

Latest 2 of 68 comments

View all comments

hmackay says:

08:40am | 19/02/12

well the banks complain that thier raw matrerial costs have risen. Hullo is not this common to all businesses from time to time ? I think they can absorb this cost given their net profits in the billions. No sympathy, they want toplay on our fears of a unstable banking… Read more »
jf says:

05:02pm | 19/01/12

Bertrand says:12:59pm | 18/01/12 You do understand that America is a different country to Australia don’t you? You do understand that investment banking is very different from retail banking don’t you? So, the first comment was about retail banks in Australia and your rebuttal was about investment banks in America.… Read more »

Add your comment

Facebook Recommendations

Read all about it

Punch live

Up to the minute Twitter chatter

ToryShepherd 28 May 12 10:46PM

RT @saline: Touche Miriam. Touche Barry. Wicked old thespians taking the pith. #qanda

ToryShepherd 28 May 12 10:42PM

The best haters are the worst spellers #qandadelayed #godihopeididntmakeatypo

antsharwood 28 May 12 08:31PM

How much fun is it retweeting people who can't spell?

antsharwood 28 May 12 08:29PM

In other Olympian news, Steph rice is advertising Sunrice Chinese style Mongolian chicken. Think about that for a tick

See all tweets

Nosebleed Section

choice ringside rantings

From: They must pay for one’s bitter disappointments

Michael S says:

"A teacher at Geelong Grammar had criticised her for using words that were too long, which had left her confused and had made her doubt her ability to write essays. She became ''quite distressed'' when her English marks began to fall." I can sympathise. My scholastic mentors conveyed to me a causal relationship… [read more]

From: Welfare for breeders is a bonus for everyone

Change Up! says:

I have no problem paying my taxes. As a single, childless person on a very decent income, I can afford it and not have my life severely altered. Plus I understand that my taxes paying for things like schools, childcare and infrastructure is ultimately a good thing. A better community is better for me… [read more]