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So what is wrong with a Peoples Bank ? (Read 8813 times)
Sir lastnail
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So what is wrong with a Peoples Bank ?
Apr 5th, 2018 at 9:01am
 
I thought competition was a good thing according to the conservatives ??

We used to have a peoples bank called the Common Wealth Bank of Australia until it was privatized and turned into a ponzi scheme run by greed incorporated. Just another privatization failure in a long list of many.
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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.
 
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Sir Spot of Borg
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Re: So what is wrong with a Peoples Bank ?
Reply #1 - Apr 5th, 2018 at 9:11am
 
Nobody with power wants the money to be safe from themselves

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Sir lastnail
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Re: So what is wrong with a Peoples Bank ?
Reply #2 - Apr 5th, 2018 at 9:31am
 
Why are we giving tax payers guarantee of depositors money to private banking scammers who are running a ponzi scheme ? Doesn't make a lot of sense to me.

Those guarantees should only be available to a people run bank. The private bank scammers can maximize their profits at their own risk !!
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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.
 
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Grappler Truth Teller Feller
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Re: So what is wrong with a Peoples Bank ?
Reply #3 - Apr 5th, 2018 at 1:09pm
 
Nothing - it's a step forward by going back thirty odd years and starting over again and getting it right.... now that the 'unforeseen consequences' have become self-evident.
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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
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juliar
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Re: So what is wrong with a Peoples Bank ?
Reply #4 - Apr 5th, 2018 at 1:18pm
 
Sounds like the gullible LostSnail has been listening to that extremist Commo Socialist feminazi sheila.
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Prime Minister for Canyons
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Re: So what is wrong with a Peoples Bank ?
Reply #5 - Apr 5th, 2018 at 1:34pm
 
juliar wrote on Apr 5th, 2018 at 1:18pm:
Sounds like the gullible LostSnail has been listening to that extremist Commo Socialist feminazi sheila.




So can I ask what are your objective reasons against a peoples bank.
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In a time of universal deceit — telling the truth is a revolutionary act.

No evidence whatsoever it can be attributed to George Orwell or Eric Arthur Blair (in fact the same guy)
 
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Re: So what is wrong with a Peoples Bank ?
Reply #6 - Apr 5th, 2018 at 1:35pm
 
Grappler Truth Teller Feller wrote on Apr 5th, 2018 at 1:09pm:
Nothing - it's a step forward by going back thirty odd years and starting over again and getting it right.... now that the 'unforeseen consequences' have become self-evident.




I dont know enough really to say either way, but there should at least be a debate about it without resorting to name calling about it being communism etc.

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In a time of universal deceit — telling the truth is a revolutionary act.

No evidence whatsoever it can be attributed to George Orwell or Eric Arthur Blair (in fact the same guy)
 
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Gordon
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Re: So what is wrong with a Peoples Bank ?
Reply #7 - Apr 5th, 2018 at 1:36pm
 
Will Judge Wapner be in charge of it?
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lee
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Re: So what is wrong with a Peoples Bank ?
Reply #8 - Apr 5th, 2018 at 2:13pm
 
Sir lastnail wrote on Apr 5th, 2018 at 9:31am:
Why are we giving tax payers guarantee of depositors money to private banking scammers who are running a ponzi scheme ? Doesn't make a lot of sense to me.

Those guarantees should only be available to a people run bank. The private bank scammers can maximize their profits at their own risk !!



No guarantees should be available to any bank.

"The Australian Government Guarantee Scheme for Large Deposits and Wholesale Funding (the Guarantee Scheme or scheme) was introduced during the global financial crisis in response to similar measures taken in other countries, and to address extreme funding pressures on authorised deposit-taking institutions (ADIs). The scheme closed to new borrowings in early 2010 and the guarantee over the few remaining liabilities ended in late 2015. "

https://www.rba.gov.au/publications/bulletin/2016/mar/5.html

Perhaps you need to keep up with the times.
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Re: So what is wrong with a Peoples Bank ?
Reply #9 - Apr 5th, 2018 at 2:55pm
 
While we're at it, why not have a publicly owned basket weaving company as well? The private sector has completely failed at weaving baskets.
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Sir lastnail
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Re: So what is wrong with a Peoples Bank ?
Reply #10 - Apr 5th, 2018 at 3:06pm
 
juliar wrote on Apr 5th, 2018 at 1:18pm:
Sounds like the gullible LostSnail has been listening to that extremist Commo Socialist feminazi sheila.


Nothing like watching socko taking it up the proverbial by the Stolen Wealth Bank. After all it is tour money isn't it socko Cheesy LOL
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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.
 
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Sir lastnail
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Re: So what is wrong with a Peoples Bank ?
Reply #11 - Apr 5th, 2018 at 3:09pm
 
Grappler Truth Teller Feller wrote on Apr 5th, 2018 at 1:09pm:
Nothing - it's a step forward by going back thirty odd years and starting over again and getting it right.... now that the 'unforeseen consequences' have become self-evident.


I just don't recall ever seeing all of these fees in the old days of stamping bank books. Technology is supposed to make things cheaper and yet with these private bank scammers they are using technology to rip off us blind whilst still getting protection from us tax payers in the form of guarantees of depositors money Sad
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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.
 
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stunspore
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Re: So what is wrong with a Peoples Bank ?
Reply #12 - Apr 5th, 2018 at 4:25pm
 
Prime Minister for Canyons wrote on Apr 5th, 2018 at 1:34pm:
juliar wrote on Apr 5th, 2018 at 1:18pm:
Sounds like the gullible LostSnail has been listening to that extremist Commo Socialist feminazi sheila.




So can I ask what are your objective reasons against a peoples bank.


Juliar upset that non-conservatives thought this up.  You won't see juliar complaining about coalition wanting to run their own government power station though.
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lee
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Re: So what is wrong with a Peoples Bank ?
Reply #13 - Apr 5th, 2018 at 4:43pm
 
stunspore wrote on Apr 5th, 2018 at 4:25pm:
Prime Minister for Canyons wrote on Apr 5th, 2018 at 1:34pm:
juliar wrote on Apr 5th, 2018 at 1:18pm:
Sounds like the gullible LostSnail has been listening to that extremist Commo Socialist feminazi sheila.




So can I ask what are your objective reasons against a peoples bank.


Juliar upset that non-conservatives thought this up.  You won't see juliar complaining about coalition wanting to run their own government power station though.


"But the plan, outlined to the national press club on Wednesday by Senator Di Natale, would potentially cause more harm than good and will almost certainly never gain any traction, economists say."

https://www.domain.com.au/money-markets/could-greens-peoples-bank-plan-work-not-...

"Why Richard Di Natale's 'people's bank' could make housing affordability worse"

http://www.afr.com/news/economy/why-richard-di-natales-peoples-bank-could-make-h...
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Re: So what is wrong with a Peoples Bank ?
Reply #14 - Apr 5th, 2018 at 5:43pm
 
The banks were dragged into a Royal Commission because of their own doing and the Coalition have already found them innocent before the RC has finished and any findings have been made....Don't expect this Government to do anything that will hold back Capitalism (exploitation) especially when they do so well for such little effort!!!

Angry Angry Angry
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If knowledge can create problems, it is not through ignorance that we can solve them.
Isaac Asimov (1920 - 1992)
 
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