Wednesday, April 15, 2009

Lying bankers gouge hundreds of millions from borrowers

Australia Calling

Australia's banks failed to pass on the .25% cut to the official interest rate last week and tried to justify their decision by claiming that their cost of funding had increased. Yesterday it was revealed that their cost of funding had actually gone down and their profitability had increased by hundreds of millions of dollars. Come the New Order, the bankers will have an appointment in Federation Square.

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