Australian Politics Forum - Banks have ignored Swan for years

Andrei.Hicks Gold Member Offline Australian Politics Posts: 23818 Carlsbad, CA Gender:	Re: Banks have ignored Swan for years Reply #15 - Feb 5^th, 2012 at 8:51pm And no they won't listen to Swan Macca you're right. But with respect, they had the same frustrations with Howard and Costello as well.
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Maqqa Gold Member Offline 14% - that low?! Posts: 16000	Re: Banks have ignored Swan for years Reply #16 - Feb 5^th, 2012 at 9:50pm Andrei.Hicks wrote on Feb 5^th, 2012 at 8:51pm: And no they won't listen to Swan Macca you're right. But with respect, they had the same frustrations with Howard and Costello as well. in what way?
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Andrei.Hicks

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Re: Banks have ignored Swan for years
Reply #17 - Feb 6^th, 2012 at 9:03pm

Maqqa wrote on Feb 5^th, 2012 at 9:50pm:

Andrei.Hicks wrote on Feb 5^th, 2012 at 8:51pm:

And no they won't listen to Swan Macca you're right.

But with respect, they had the same frustrations with Howard and Costello as well.

in what way?

Political interference and pressure Macca.

The banks would be put under huge pressure with the Treasurer demanding in the media they pass on every part of a rate decrease.

This would be without even considering their own increased cost of borrowing capital on the global market.

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Maqqa

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Re: Banks have ignored Swan for years
Reply #18 - Feb 6^th, 2012 at 9:05pm

Andrei.Hicks wrote on Feb 6^th, 2012 at 9:03pm:

Maqqa wrote on Feb 5^th, 2012 at 9:50pm:

Andrei.Hicks wrote on Feb 5^th, 2012 at 8:51pm:

And no they won't listen to Swan Macca you're right.

But with respect, they had the same frustrations with Howard and Costello as well.

in what way?

Political interference and pressure Macca.

The banks would be put under huge pressure with the Treasurer demanding in the media they pass on every part of a rate decrease.

This would be without even considering their own increased cost of borrowing capital on the global market.

but you do this behind closed doors rather than announce it in a public forum - never worked before never will

all Swan wants was the publicity to give him the perception of being strong

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Andrei.Hicks

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Re: Banks have ignored Swan for years
Reply #19 - Feb 6^th, 2012 at 9:07pm

Maqqa wrote on Feb 6^th, 2012 at 9:05pm:

but you do this behind closed doors rather than announce it in a public forum - never worked before never will

all Swan wants was the publicity to give him the perception of being strong

If I recall rightly mate, there were instances where Costello made it clear in the media he expected the big 4 to abide in full to a rate adjustment?

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Maqqa

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Re: Banks have ignored Swan for years
Reply #20 - Feb 6^th, 2012 at 9:09pm

Andrei.Hicks wrote on Feb 6^th, 2012 at 9:07pm:

Maqqa wrote on Feb 6^th, 2012 at 9:05pm:

but you do this behind closed doors rather than announce it in a public forum - never worked before never will

all Swan wants was the publicity to give him the perception of being strong

If I recall rightly mate, there were instances where Costello made it clear in the media he expected the big 4 to abide in full to a rate adjustment?

Can't remember that one and can't remember an instance under the Coalition they didn't pass on the rates

I'll look again

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perceptions_now

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Re: Banks have ignored Swan for years
Reply #21 - Feb 6^th, 2012 at 10:12pm

Maqqa wrote on Feb 6^th, 2012 at 9:09pm:

Andrei.Hicks wrote on Feb 6^th, 2012 at 9:07pm:

Maqqa wrote on Feb 6^th, 2012 at 9:05pm:

but you do this behind closed doors rather than announce it in a public forum - never worked before never will

all Swan wants was the publicity to give him the perception of being strong

If I recall rightly mate, there were instances where Costello made it clear in the media he expected the big 4 to abide in full to a rate adjustment?

Can't remember that one and can't remember an instance under the Coalition they didn't pass on the rates

I'll look again

I wouldn't bother, the Coalition never had circumstances like these, because there have never been circumstances like these, before!

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Andrei.Hicks

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Re: Banks have ignored Swan for years
Reply #22 - Feb 6^th, 2012 at 10:17pm

perceptions_now wrote on Feb 6^th, 2012 at 10:12pm:

Maqqa wrote on Feb 6^th, 2012 at 9:09pm:

Andrei.Hicks wrote on Feb 6^th, 2012 at 9:07pm:

Maqqa wrote on Feb 6^th, 2012 at 9:05pm:

but you do this behind closed doors rather than announce it in a public forum - never worked before never will

all Swan wants was the publicity to give him the perception of being strong

If I recall rightly mate, there were instances where Costello made it clear in the media he expected the big 4 to abide in full to a rate adjustment?

Can't remember that one and can't remember an instance under the Coalition they didn't pass on the rates

I'll look again

I wouldn't bother, the Coalition never had circumstances like these, because there have never been circumstances like these, before!

You're getting all pessimistic again mate....

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GoddyofOz

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Re: Banks have ignored Swan for years
Reply #23 - Feb 6^th, 2012 at 10:19pm

A question about Westpacs job cuts was asked this evening on the 2012 premier of Q&A.

Unlike Wong and Hockey, I'll tell it like it is; Westpacs decision to cut jobs even after releasing a profit report in the billions is an absolute disgrace, and I would encourage anyone who is a westpac customer to close down their accounts and take their money elsewhere, because Westpac do not deserve their patronage.

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True Patriotism is serving your country all the time, and serving your Politicians when they deserve it.

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Kat Gold Member Offline Socialism IS the answer. Posts: 17709 Everywhere and no-where Gender:	Re: Banks have ignored Swan for years Reply #24 - Feb 6^th, 2012 at 10:42pm The banks NEED to be re-regulated, and should never have been de-regulated in the first place. They obviously have NO concept of the idea of self-regulation.
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chicken_lipsforme Gold Member Offline Australian Politics Posts: 7090 Townsville NQ Gender:	Re: Banks have ignored Swan for years Reply #25 - Feb 7^th, 2012 at 8:09am You wouldn't trust Swan with the office petty cash tin. Of course the banks ignore him.
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buzzanddidj

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Re: Banks have ignored Swan for years
Reply #26 - Feb 7^th, 2012 at 8:59pm

Maqqa wrote on Feb 5^th, 2012 at 9:50pm:

Andrei.Hicks wrote on Feb 5^th, 2012 at 8:51pm:

And no they won't listen to Swan Macca you're right.

But with respect, they had the same frustrations with Howard and Costello as well.

in what way?

Banks defy Costello, lift home loan rates

Thursday, 25 October , 2007

There was more bad news for the Treasurer today when two of Australia's biggest banks publicly resisted his pressure not to lift home loan rates.

The chairman of the National Australia Bank and the chief executive of ANZ both politely told Mr Costello to back off from their business.

They said decisions on how to set mortgage rates were theirs alone.

Peter Costello had earlier warned the banks, again, not to use the sub-prime meltdown in the United States as an excuse to push up home loan rates.

Banking analysts were critical. One said the Treasurer's comments were fatuous and laughable.

Banks have already put up rates on credit cards, personal loans and business loans as the global credit crunch pushes up their costs of funding.

And, experts say, it's only a matter of time before the Big Four lift home loan rates above and beyond any increases imposed by the RBA
.

http://www.abc.net.au/pm/content/2007/s2070665.htm

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Andrei.Hicks Gold Member Offline Australian Politics Posts: 23818 Carlsbad, CA Gender:	Re: Banks have ignored Swan for years Reply #27 - Feb 7^th, 2012 at 10:04pm chicken_lipsforme wrote on Feb 7^th, 2012 at 8:09am: You wouldn't trust Swan with the office petty cash tin. Of course the banks ignore him. He has never worked in the private sector. I never trust people who are perennial public sector workers. They don't know what real work is.
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Maqqa

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14% - that low?!

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Re: Banks have ignored Swan for years
Reply #28 - Feb 8^th, 2012 at 9:37am

buzzanddidj wrote on Feb 7^th, 2012 at 8:59pm:

Maqqa wrote on Feb 5^th, 2012 at 9:50pm:

Andrei.Hicks wrote on Feb 5^th, 2012 at 8:51pm:

And no they won't listen to Swan Macca you're right.

But with respect, they had the same frustrations with Howard and Costello as well.

in what way?

Banks defy Costello, lift home loan rates

Thursday, 25 October , 2007

There was more bad news for the Treasurer today when two of Australia's biggest banks publicly resisted his pressure not to lift home loan rates.

The chairman of the National Australia Bank and the chief executive of ANZ both politely told Mr Costello to back off from their business.

They said decisions on how to set mortgage rates were theirs alone.

Peter Costello had earlier warned the banks, again, not to use the sub-prime meltdown in the United States as an excuse to push up home loan rates.

Banking analysts were critical. One said the Treasurer's comments were fatuous and laughable.

Banks have already put up rates on credit cards, personal loans and business loans as the global credit crunch pushes up their costs of funding.

And, experts say, it's only a matter of time before the Big Four lift home loan rates above and beyond any increases imposed by the RBA
.

http://www.abc.net.au/pm/content/2007/s2070665.htm

So you've found one instance over a 12 years period

Swan's been harping on about since 2007

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Bill 14% is not the alcohol content of that wine. It's your poll number

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Maqqa

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Re: Banks have ignored Swan for years
Reply #29 - Feb 8^th, 2012 at 9:39am

Andrei.Hicks wrote on Feb 6^th, 2012 at 10:17pm:

perceptions_now wrote on Feb 6^th, 2012 at 10:12pm:

Maqqa wrote on Feb 6^th, 2012 at 9:09pm:

Andrei.Hicks wrote on Feb 6^th, 2012 at 9:07pm:

Maqqa wrote on Feb 6^th, 2012 at 9:05pm:

but you do this behind closed doors rather than announce it in a public forum - never worked before never will

all Swan wants was the publicity to give him the perception of being strong

If I recall rightly mate, there were instances where Costello made it clear in the media he expected the big 4 to abide in full to a rate adjustment?

Can't remember that one and can't remember an instance under the Coalition they didn't pass on the rates

I'll look again

I wouldn't bother, the Coalition never had circumstances like these, because there have never been circumstances like these, before!

You're getting all pessimistic again mate....

It seems when the Labor party form government - the conditions are worse for them

But when the Coalition comes in - "IT's a miracle - everything is better"

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Bill 14% is not the alcohol content of that wine. It's your poll number

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