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TAI claims major bank competition a 'joke'

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Australian Broker | 11 Dec 2012, 07:00 AM Agree 0
The Australian Institute has issued a report showing over 50% of big bank shares are owned by the same shareholders – lighting fire to the concept of legitimate competition
  • Peter Fast | 11 Dec 2012, 10:03 AM Agree 0
    Comments from a left wing organisation. Sensational statements and emotional text. It all adds up to the next target by the left against Australian business. We are seeing more and more comments aimed at the Broking Industry and the major lenders. You will see this ramped up in the future and eventually there will a call to ban commissions to brokers just like the Financial Planning Industry was attacked and destroyed. Industry organisations take note, control of the financial sector is a policy of socialist doctrine.
  • John Black | 11 Dec 2012, 10:46 AM Agree 0
    The Australia Institute is simply stating facts and if true which no doubt they are, then the numbers simply re-enforce the opening statement of competition between the majors being a joke.
  • Jerry Gibb | 11 Dec 2012, 11:29 AM Agree 0
    What I have been saying for a longtime the big banks are having a lend of the consumer and the Government does nothing. We are paying more than we need top for our home laon and that is where I want the government to focus on and not NCCP laws.
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