Tuesday, 8 December 2009

Surely she doesn't believe it


 Westpac boss Gail Kelly must be one of those people who believes her past favourable press reviews if she really thinks that it is clever to say, as her head of retail banking Peter Hanlon did yesterday, that “We don’t have a price-leading strategy; we’re not the Jetstar of banking.” That was clear enough to people from the actions of this price gouging bank without having it rubbed in  by words.
And every bit as stupid was Ms Kelly’s attempt to suggest that the politicians approve of her decision to put up mortgage rates by more than the increase in official Reserve Bank rates.
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