The problem is that when banks go down, as a result of all these crazy decisions, like what has happened in other countries, we all pay the price. I agree, it isn't the banksters. But what we need at the very least is a separation of bank and state. Thereby forcing the bank to be responsible in the risks they take, or risk going out of business and also make customers responsible for their decisions in choosing bank products and services.
Thanks for the PM's guys. Your suggestions & advice was valued and carefully considered. I decided to give NAB a go. No one at the Commbank asked why everything was getting closed out, loans paid off or safe custody box removed. The lady at the NAB didn't even know about the '4 corners' expos. But I did.... and I'm voting with my feet.
I see Fairfax staff are being punished for their part in this story. Big lay-off's announced today!!! http://news.smh.com.au/breaking-news-business/fairfax-media-staff-walk-off-job-20140507-37vqw.html
Well well - The Socialist Left paper is laying off staff, likely because the ultra-socialist left ABC is giving away free what Fairfax has to earn money to present.
An update to this story http://www.smh.com.au/business/bank...sation-for-advice-victims-20140516-38fd7.html
CBA didn't exactly come to the table voluntarily http://commbankdiaries.com.au/2014/05/asic-reads-commbank-script/