Despite the noises emanating from the Federal Treasurer Wayne Swan there is no Government initiative to rein in Bankers cavalier treatment of either staff or long suffering customers. A commonsense starting point for legislation would be a requirement that bank rates be adjusted immediately and automatically in line with Reserve Bank increases or Falls.
The shrinking percentage of the population who retain a semblance of faith in the duopoly faux democratic instruments of Australian government vote in the hope that government will protect the people from the excesses of unelected power holders - instead of which recent Australian Governments have acted to protect Commercial excesses from the wrath of the people.
Occupy Sydney participants call for
- Australia must Rescind All Debt. Simple. Occupier Home Mortgages forgiven.Personal Debt forgiven.
- Heavily regulate mechant and retail banks