Check out the thread "Does Rudd inspire confidence?" and read post #103 by Rhen. It suits the title of this thread particularly well!
does anyone have the full details on Rudd's switching banks scheme?
http://optuszoo.news.ninemsn.com.au/article.aspx?id=658912&_cobr=optus
apparently it doesn't include mortgage holders?
and fees are still charged if you switch?
What is the point?
Add another flop to Rudd's schemes
No, it was not poor English on my part. It was incorrect interpretation on yours. I chose to ignore the scintillating repartee between some other participants and my post was purely directed towards you. My suggestion that you were patronising reflected your attitude towards what I had ealier said. But that's fine, Rob. Whatever you say. It's just too tedious to attempt a genuine exchange with you.On your last point, I am curious that it was levelled towards me given the many poor quality and vulgar posts of MrBurns and several others.
It was also quite poor English on your part to suggest my remark was patronising. It was quite the opposite, deliberately contemptuous of MrBurns and those that blissfully feed from his grotty trough.
The real question should be:
"Does any politician inspire confidence?"
They are all full of crap, liars, cheats etc. You could find the same sort of things for any politician as they are just out to look after themselves
Mortgage fund investors go into the market expecting better than bank interest returns because they are willing to wear the risk. But as we just discovered, when things go sour they expect government to bail them out.
Market linked investments deserve no favours and investors who don't understand risk should do something else with their money, or not bother complaining when times get tough.
Not to mention the anti Turnbull snipers too.Regrettably there is an anti-Rudd consensus in this thread
Thus protecting the system so as it could continue functioning in a way that is not - now - free from Government intervention. (not just Australia)As for the claim of massive financial market dislocation, most have blocked out what was happening globally and how it was already impacting locally. The guarantee prevented a run on the banks and ensured all trade deals would happen unhindered.
Yes, a lot like to party when it is going well. But who should they blame when is goes sour?Mortgage fund investors go into the market expecting better than bank interest returns because they are willing to wear the risk. But as we just discovered, when things go sour they expect government to bail them out.
Market linked investments deserve no favours and investors who don't understand risk should do something else with their money, or not bother complaining when times get tough.
The banks haven't been propped up with tax payers' money.What worries me, why banks are allowed to make profit after they are propped up with taxpayers money?
Shouldn’t Kev force banks that all profit is paid back to taxpayers?
Shouldn’t CEOs take pay cut and pay back last few years bonuses?
The guarantee is very unlikely to ever be required to be put into practice.
I dont understand how this point is relevant?
The banks haven't been propped up with tax payers' money.
The guarantee is very unlikely to ever be required to be put into practice.
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