Tuesday, 16 June 2009

Moving along nicely

Bank bashing is moving along nicely with the good old Commonwealth doing its bit by organising an end of financial year function to thank staff for some successful fee gouging. The tabloid headlines this morning - Which bank parties as mortgages soar?; Commonwealth Bank’s 5-star party; Commonwealth Bank celebrates lifting mortgage rates with lavish party - with the stories underneath of Krug champagne and caviar must surely be one of the yer's great PR disasters. Just as surely the stories increase the growing pressure on the government I wrote of yesterday to stop talking and start acting.
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