And he won't answer the question.
"why are the banks down skol? "
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Don't you read the papers? That banks are down because your heroic Prime Minister Malcolm Turnbullschiff has decided the banks are an easy target, just like the big mining companies were a few years ago.
https://en.wikipedia.org/wiki/Minerals_Resource_Rent_Tax
But unfortunately for your short-sighted Treasurer, it's something of an own goal. Most Aussies have super schemes and most will have exposure to the big banks, so he's not only shafted the banks, he's shafted the very people that voted for him.
What's next? Airlines? No, I think gold mining companies should be next, they're wrecking the environment, polluting the Earth and digging something up that serves no useful purpose.