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Mr.T
Guest
Fri Sep 10, 2010 3:56 am
"terryc" <newsninespam-spam_at_woa.com.au> wrote in message
news:i6789n$f36$8_at_speranza.aioe.org...
Quote:
Our banks did fine in the worst financial crisis in a fucking century.
Correct. BECAUSE?
Hint, it was government regulation laid down by Keating that did it
And they also received Government guarantees on their deposits.
But selling CommBank shares for a few dollars, when they are now worth over
$50 due to the fee gouging free for all that ensued, was a real win for
some, but NOT for taxpayers, or non share-holding bank customers!
MrT.
Rod Speed
Guest
Fri Sep 10, 2010 5:39 am
Mr.T wrote
Quote:
terryc <newsninespam-spam_at_woa.com.au> wrote
Which is as it should be for a PRIVATE enterprise. *IF*
telecommunications were so important that they CANNOT
be left to private enterprise, it should never have been sold.
Agreed. At the very least "the electronic roads" should have been kept in
public ownership. The NBN will provide an opportunity/method to redress that.
Nope, since the plan is to sell it when it is completed.
Corse what the current plan is, and what they can get thru
parliament at that time are two entirely separate matters.
Quote:
I'm ready to bet it will be at a loss to taxpayers!
Clearly Telecom/Telstra wasnt.
Particularly if it involves the scrapping of the copper pair network,
it may well end up a profit for taxpayers, particularly given that only
about $23B of the alleged $43B cost is going to be paid for by taxpayers.
Rod Speed
Guest
Fri Sep 10, 2010 5:43 am
Mr.T wrote
Quote:
terryc <newsninespam-spam_at_woa.com.au> wrote
Our banks did fine in the worst financial crisis in a fucking century.
Correct. BECAUSE?
Hint, it was government regulation laid down by Keating that did it
And they also received Government guarantees on their deposits.
But selling CommBank shares for a few dollars, when they are
now worth over $50 due to the fee gouging free for all that ensued,
Nope, because we ended up with a very viable banking
industry once it was no longer run by public servants.
There is a reason the ComBank completely dominates the house mortgage market.
Quote:
was a real win for some, but NOT for taxpayers,
Thats wrong too, they got a hell of a lot for it when it was flogged off.
Quote:
or non share-holding bank customers!
Wrong again, they got a much lower margin between what
was paid for deposits and what was charged on house loans.
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