This is more of a rant, but l have lost faith in our Treasurer Wayne Swan after watching him on ABC yesterday afternoon. What a joke!
So, what if ANZ decides to raise interest rates independently of the RBA, what exactly is our Finance Minister going to do....warn them again? OMG, the banks will be scared sh!tless from his threats about raising interest rates or not passing on the full cut, l don't think so!Big banks face revolt if they raise rates
Experts warn banks may lift their rates to protect profits
RBA has left official interest rates at 4.25 per cent
Treasurer Wayne Swan has warned banks not to do it
February 08, 2012 9:48AM
Read more: http://www.news.com.au/money/big-ban...#ixzz1llFe4q4e