More com­pe­ti­tion

Gatton Star - - Opinion -

DID you hear the one about com­pe­ti­tion be­tween banks, Aus­tralian-style? One of them bumps up home lend­ing rates, and the rest of them then “com­pet­i­tively” fol­low suit.

The only way to com­bat in­sa­tiable greed will be to push Aus­tralia’s doors wide open to gen­uine com­pe­ti­tion from for­eign banks. This new form of 21st-cen­tury feu­dal­ism has to be stopped. Gra­ham Wessling,

Gat­ton

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