interest rates, page-17

How nobel of the banks to say they will pass on the full rate cut.

Now lets think back when they independently raised rates under the banner of "CREDIT WAS MORE EXPENSIVE".

Word on the street is that the credit squeeze has backed off, but will we see the banks independently lower interest rates.

I doubt it. What we will see is banks posting new record high profits in a few months.

Bottom line. banks have just increased their margin and we are going to let them.

Hopefully Mark Borous and others keep the pressure on the big 4 by lowering rates even more to keep them honest.