Ever since I can remember, someone feels as if they have been...

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happydayz

14,189 Posts.

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09/10/19

08:24

Post #: 40785571
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Originally posted by sandybay: ↑

Now that the cash rate is just 0.75% , how is it acceptable that banks continue to rip the sh---t out of borrowers.
Banks continue to make 500% plus profit and all ACCC can do is " investigate" or undertake another " inquiry " so that they seem to be doing something and are on the side of the public.

Yet when petrol prices move overnight from (say) $1.31 to $1.71 that's roughly a 30% hike and people go all nuts about it.
Many of the public are ignorant about banks and accept the status quo. But because they visually see the petrol price change overnight they accept they are being ripped-off by the fuel companies.

Electricity prices are been re-regulated because public feel the pain of paying the quarterly bill. But yet when it comes to Bank profits exceeding 500% of the cash-rate the public remain silent. Is that because borrowers don't want to upset their manager, or is it because they are being brainwashed.

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Ever since I can remember, someone feels as if they have been ripped off by the system, it will always be, there has just been the biggest changes to the banking system because of the royal commission into banks.

Guess it isn't a perfect system for everyone. I remember my DAD saying he didn't know what state the world was coming to if petrol reached the price of .30 cents a litre back in 1976. 43 years ago. He didn't realise how good things were, it's all relative I guess.

Just be good to your loved one's and if you are alone then try to be happy for those that have it. Comfort is where you find it these days, in a smile on a bright sunny day.
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