cba greed is apalling, page-58

Of course they make money.

Aussie John is a great guy, so why isn't he filling this opportunity if the banks are gouging? Think about it.

Fact is though like it or not money was artificially cheap pre-GFC and now that time has passed. Money is simply not available at anywhere near the RBA's target. If there was no bank with a AAA rating to stand behind you and to aquire this money on your behalf what would you pay? 30% or so from your local loan shark? As far as consumer rates they are way under business rates for political reasons so you are borrowing at a very low rate where businesses have to pay 3-4% above cash rate. You can look through refinancing announcements from companies on the asx to confirm this.

The fact is rates are rising due to a number of factors, primarily the fact that gigantic stimulus and deficit spending is significantly EXPANSIONARY and the RBA is trying to wind it in before it's too late. Bond markets can see this and combined with the global situation there is a resultant spread. This is the reality.

As far as "social concious" requirements, there is no such requirement for any company. These companies are owned by private investors and many of these give to charity after receiving their dividends and this is their own choice.