We should not forget that one of the side effects of the bank guarantee was that those institutions not so gauranteed, had an exodus of funds, until they cried enough and shut the door. Thousands of ordinary people are caught up in this, not poor but still unable to access their funds.
Meanwhile, the banks bask in this as though it was their entitlement. The ANZ has just spent $500,000 on new Board room table (imported of course).
Gail Kelly is the only MD who is awake up to the resentment created, the others have no clue.
