Australian Politics Forum - Wayne the wanker What about the existing CONTRACTS

bwood1946

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Wayne the wanker What about the existing CONTRACTS
Dec 13^th, 2010 at 11:19am

Banking reform falls short, says Hockey
By Samantha Hawley
AM abc.net.au/am
The Federal Opposition and banks have criticised the Government's changes to the banking system, which is designed to offer consumers a better deal.

Yesterday the Government unveiled a package which includes a ban on exit fees for new home loans from mid next year.

But Opposition treasury spokesman Joe Hockey says the move to scrap mortgage exit fees will backfire.

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Bank reform without the reform TIPICAL

From the CLAYTONS TREASURER

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bwood1946

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Re: Wayne the wanker What about the existing CONTRACTS
Reply #1 - Dec 13^th, 2010 at 11:21am

bwood1946 wrote on Dec 13^th, 2010 at 11:19am:

Banking reform falls short, says Hockey
By Samantha Hawley
AM abc.net.au/am
The Federal Opposition and banks have criticised the Government's changes to the banking system, which is designed to offer consumers a better deal.

Yesterday the Government unveiled a package which includes a ban on exit fees for new home loans from mid next year.

But Opposition treasury spokesman Joe Hockey says the move to scrap mortgage exit fees will backfire.

More
Bank reform without the reform TIPICAL

From the CLAYTONS TREASURER

WAYNE what about all those people stuck with the fees WANKER

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Miss Anne Dryst

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Re: Wayne the wanker What about the existing CONTRACTS
Reply #2 - Dec 13^th, 2010 at 11:22am

bwood1946 wrote on Dec 13^th, 2010 at 11:19am:

Banking reform falls short, says Hockey
By Samantha Hawley
AM abc.net.au/am
The Federal Opposition and banks have criticised the Government's changes to the banking system, which is designed to offer consumers a better deal.

Yesterday the Government unveiled a package which includes a ban on exit fees for new home loans from mid next year.

But Opposition treasury spokesman Joe Hockey says the move to scrap mortgage exit fees will backfire.

More
Bank reform without the reform TIPICAL

From the CLAYTONS TREASURER

So next year, yet Kevin Rudd promised this in his 2007 election speech.
Only 3 years or so LATE! And even then it's a half-arsed effort.
The ALP should give it to Joe to fix up for them.

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Miss Anne Dryst

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Re: Wayne the wanker What about the existing CONTRACTS
Reply #3 - Dec 13^th, 2010 at 11:25am

bwood1946 wrote on Dec 13^th, 2010 at 11:21am:

bwood1946 wrote on Dec 13^th, 2010 at 11:19am:

Banking reform falls short, says Hockey
By Samantha Hawley
AM abc.net.au/am
The Federal Opposition and banks have criticised the Government's changes to the banking system, which is designed to offer consumers a better deal.

Yesterday the Government unveiled a package which includes a ban on exit fees for new home loans from mid next year.

But Opposition treasury spokesman Joe Hockey says the move to scrap mortgage exit fees will backfire.

More
Bank reform without the reform TIPICAL

From the CLAYTONS TREASURER

WAYNE what about all those people stuck with the fees WANKER

Kevin Rudd: to make it easier and cheaper to switch between financial institutions. Meaning those that are already locked into a mortgage will be able to easily and cheaply switch between financial institutions.
The ALP simply just don't get it!

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Sprintcyclist Gold Member Offline OzPolitic Posts: 40717 Gender:	Re: Wayne the wanker What about the existing CONTRACTS Reply #4 - Dec 13^th, 2010 at 12:27pm exit fees are quite warranted
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vegitamite Ex Member	Re: Wayne the wanker What about the existing CONTRACTS Reply #5 - Dec 13^th, 2010 at 12:55pm I say Hockey , the Coalition, and their supporters, are struggling to mount a plausible counter , ....
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aussiefree2ride

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Re: Wayne the wanker What about the existing CONTRACTS
Reply #6 - Dec 13^th, 2010 at 1:03pm

bwood1946 wrote on Dec 13^th, 2010 at 11:19am:

Banking reform falls short, says Hockey
By Samantha Hawley
AM abc.net.au/am
The Federal Opposition and banks have criticised the Government's changes to the banking system, which is designed to offer consumers a better deal.

Yesterday the Government unveiled a package which includes a ban on exit fees for new home loans from mid next year.

But Opposition treasury spokesman Joe Hockey says the move to scrap mortgage exit fees will backfire.

More
Bank reform without the reform TIPICAL

From the CLAYTONS TREASURER

This hollow farce is a gesture / posture of no substance on behalf of Wayne Swan. The banks will simply side step this weak gesture & load in another "area".

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bwood1946 Gold Member Offline Australian Politics Posts: 1598 Gender:	Re: Wayne the wanker What about the existing CONTRACTS Reply #7 - Dec 13^th, 2010 at 1:15pm Quote: I say Hockey , the Coalition, and their supporters, are struggling to mount a plausible counter , .... Go back to the washing
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vegitamite Ex Member	Re: Wayne the wanker What about the existing CONTRACTS Reply #8 - Dec 13^th, 2010 at 1:18pm bwood1946 wrote on Dec 13^th, 2010 at 1:15pm: Quote: I say Hockey , the Coalition, and their supporters, are struggling to mount a plausible counter , .... Go back to the washing O.K
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aussiefree2ride Gold Member Offline Australian Politics Posts: 3538	Re: Wayne the wanker What about the existing CONTRACTS Reply #9 - Dec 13^th, 2010 at 1:19pm Quote: bwood1946 wrote on Dec 13^th, 2010 at 1:15pm: Quote: I say Hockey , the Coalition, and their supporters, are struggling to mount a plausible counter , .... Go back to the washing O.K Lol @ veg.
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Verge Gold Member Offline Australian Politics Posts: 6329 Gender:	Re: Wayne the wanker What about the existing CONTRACTS Reply #10 - Dec 14^th, 2010 at 8:16am Quote: I say Hockey , the Coalition, and their supporters, are struggling to mount a plausible counter , .... I'd say the stock market yesterday mounted one for them. The big banks stock prices rose while the small ones dropped, all off the back of Mr Swans package.
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Sprintcyclist Gold Member Offline OzPolitic Posts: 40717 Gender:	Re: Wayne the wanker What about the existing CONTRACTS Reply #11 - Dec 14^th, 2010 at 8:43am vegi - no one HAS to " to mount a plausible counter " it's a gormless counterproductive leftard idea, attack profitable stable businesses.
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Sprintcyclist

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Re: Wayne the wanker What about the existing CONTRACTS
Reply #12 - Dec 14^th, 2010 at 9:57am

hahahahhahahaha

Quote:

...............While consumer groups were underwhelmed by the package, investors delivered their unequivocal verdict: this was good for big banks. A rally in Westpac, Commonwealth Bank, NAB and ANZ shares dragged the entire stockmarket higher.

Advertisement: Story continues below The second tier banks, however, whose fortunes the Swan package was supposed to improve so they could compete with the might of the big four, suffered share price falls. Bendigo Bank, Suncorp and Bank of Queensland shares all closed lower.

Sharemarket analysts were virtually united in the view that the ''reforms'' were positive for bank profits: ''No adverse impact on the major banks at all,'' said one fund manager.

''A major win for the major banks'' was the way stockbroker Credit Suisse described the Treasurer's funding initiatives.

It was the recommendation for banks to diversify their funding sources to include ''covered bonds'' which had analysts excited.

Mr Swan also entrenched taxpayer support for the banks by making the guarantee on deposits permanent. It had been an emergency measure to protect the banking system during the financial meltdown.

The reaction from the sharemarket is likely to embarrass the government. What is good for bank shareholders is usually bad for their customers. Share prices rise on the anticipation of higher profits. Higher profits for banks means higher fees and charges for consumers.

http://www.theage.com.au/business/bank-reforms-have-big-four-laughing-all-the-wa...

FFFFAAAAAAARRRRRRRRRQQQQUUUUIIIIIITTTTTTTTT

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Dnarever

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Re: Wayne the wanker What about the existing CONTRACTS
Reply #13 - Dec 14^th, 2010 at 11:03am

Quote:

Joe Hockey says the move to scrap mortgage exit fees will backfire

Not exactly a lot of credability form a member of a former government which did nothing about this.

However what he is saying is the the banks will just find another way to rip off customers, he is probably correct on that and as a liberal would be a supporter of the practice.

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longweekend58 Gold Member Offline Australian Politics Posts: 45675 Gender:	Re: Wayne the wanker What about the existing CONTRACTS Reply #14 - Dec 14^th, 2010 at 11:24am This is a complete joke. where is the 'reform'. not only has it taken 3 years to get here it is of 100% no use whatsoever to existing mortgagees - which was kinda the point! it takes a particular skill to come up with a reform package that is TOTALLY worthless.
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