All parties in Parliament want a select committee inquiry into banking competition — except Labour, which believes it would be “premature”.
Well, well, well.
What do we have here?
Who has been screaming against the fucking banks and their grotesque obscene profits?
Why your friendly neighbourhood The Daily Blog!
That’s right kids, TDB led the charge against the fucking Australian Banks and their fucking obscene profit margins WELL BEFORE it became fashionable.
National cancels Working Groups and immediately sets up a Working Group to examine the banks!
How is it that National are being more progressive than Labour?
I’ve never heard so many simpering gimps defending the unholy profit rampage of the banks.
You corporate wealth worshipers should be ashamed of yourselves sucking up to the fucking Australian Banks!
Asking if Bank profits are ‘excessive’ misses the point – with 25 000 on emergency housing wait lists, 100 000 food parcels a month & underfunded health, education & welfare social infrastructure collapsing, Bank profits are fucking obscene!
Windfall tax those rich pricks!
The banks are taking monopoly rental profits out of NZ economy! That $10b profit is $10b that should be staying in NZ! The 4 Aussie Banks are absentee landlords!
Why are you all so focused on building the Australian Economy?
Comrades, I have 6 words for you: Fuck. The. Banks. You. Stupid. Hobbits!
Look, if you are going to turn a blind eye to the obscene profits made by foreign banks using the rigged casino of oligopoly can we all at least agree on one thing, that when the economy predictably ruptures next year and the corporate banks come to the Government with their giant golden begging bowl, encrusted with diamonds, emeralds and sapphires, carried into the room on the backs of homeless children, when the 4 big Foreign Banks come begging to be bailed out, we collectively tell them to go fuck themselves right?
Surely you simpering gimps sucking up to the banks by refusing to tax their obscene profits can collectively agree not to bail these greedy fucks out when the economy goes belly up right?
RIGHT?
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People and politicians have been misled by economic theology. Banks create money out of thin air. They do not use the reserves of depositors. In a simple double entry bookkeeping operation, the loan is balanced by an asset of the loan to be repaid. That loan is spent into the economy and turns up a deposit elsewhere. When the loan is repaid, the circulating extra money is cancelled out. The economic textbooks are wrong. See the statement of the 2014 statement by the Bank of England “Money creation in the modern day.” Confirmed by a German Bank.
Banks would like to do more for the community, you would hope. But community sponsor ship budgets are probably hard to increase.
National want a select committee to do a 10 minute review. It’s a con.
We don’t need a commission on banks. We need to stop filthy foreigners profiting from the money-issuing power that belongs solely to our nation. One bank, an national bank.
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