wet'n wild wednesday., page-66

They are warming us up big time now for an massive bank profits tax.

Bank bash until everyone detests the "Big 4": wait until they report improved profits; wait until they announce staff layoffs; wait until after the Qld election (nice timing).

Then they have a few weeks sell the super bank profits tax before the federal budget.

No need to say what it'll do to the market.

They should be borrowing on behalf of all banks and credit unions at lower rates than the banks can get and be making a bit of margin on the side. Could be a new mandate for the Future Fund.