But, as I see it, the biggest risk to Australia's already competitive banking structure, is this Labor government.
They have form for stupid decisions without consultation (RSPT)
If they were to apply the same stupidity to banks in the form of a "super profits tax", well, it's not rocket science to work out that the consumers will end up paying for it through higher interest rates and fees. That will inevitably lead to a slow down in the economy etc etc etc.
Beware the fools currently in power. That includes the Labor Independents and the Extremist Greens.
