Bankers are Wankers

Once again the banks are screwing us.

It is easy to understand the situation, whenever the Reserve Bank increase interest rates, the banks raise interest rates quicker than you can say, 'All bankers are #@&%'s'. It must be a great earner, to drive up the rates so quick.

Whereas, when the RBA drop the official interest rate, it can take days or even a week for the banks to announce that they will drop the rates, but more often only a proportion of the percentage drop and not only that, they choose a date usually in 2 or 3 weeks later when they may eventually drop rates. Over time, this differential must be making the banks full percentages more than they were from previous years.

It is no wonder that they are making record profits, and of course this means fat bonuses for the fat cats at the top. Surely the economics of it all is not that hard, charge more and give less, make cuts and rake in the money.

I know we need strong banks, but they are complete bastards and love screwing everyone while they line their own pockets.