Archive - Jun 3, 2010
The REAL Story Behind the Big Australian Bank Customer Gouging Policies
Submitted by smartknowledgeu on 06/03/2010 03:07 -0500The big four Australian banks - ANZ, Commonwealth, NAB, and Westpac - have used the cover of the global financial crisis to charge borrowers more than the increase in their own costs, resulting in big profits; however, the minutiae of stories about banks gouging their customers with excessive fees distracts citizens from understanding the much more important big picture of the fractional reserve lending scam.
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