In 1983 I was working for the National bank who had just taken over the Commercial Banking Company of Sydney(CBC). The Profit that year was a whopping $72 million dollars. The NAB profit these days is almost 100 times that.
There was a period in the eighties after deregulation that saw foreign banks like Citibank, HSBC, etc etc enter the retail market. They are still around but far less active and have little effect on retail banking competition. They did create change in the early days.
@ellicattube Are you enjoying the current monopolised Corporate Fascist Socialist basketcase that the Rudd/Gillard team have made Australia in just 4 years?
@MsTsarbomba Absolutely not !. Gillard is the worst PM since K Rudd. The country has been mismanaged by Rudd Gillard and Swan since '08 and completely fucked up since the Greens have had a say....not to mention a few of the independents. Swan is the most incompetent person I have seen hold any position since Christopher Skase. He's at least as big of an embarrassment to the country as Gillard....and she is certainly no great advertisement for out education system !
@MsTsarbomba Your kidding aren't you. It took Hawke and Keating to completely reform Australia's economy and open it up. All for Howard and Costello to collect the mining boom revenues and piss it all off in middle class welfare and for labor to carry on this tradition. Home grants, baby bonus, childcare rebate, back to school handouts and now paid parental leave, which will be even bigger under Abbott. There all socialist.
@dlan1500 Yeap sure keep fucking booting for your boss Gillard and close friend Bob Brown, and tell that fat bullshit artist whos your boss to fucking lose some weight and get out and walk more. Shes a fucking disgrace and Australia deserves to fucking burn with a dickhead like her in the top job. FUCK GILLARD AND THE NEW WORLD ORDER
@dlan1500 Atleast Hawke and Keating could make us laugh and put on a show in Parliament and were not completely hellbent on leaving Australia a complete fucking shitfight, though Keating didnt care for the people. I'll give them that much
And 25 years on... We have the most expensive bank fees in the western world. Where's all the foreign banks? There's less competition now that the banking sector is dominated by the big 4 and all the regional banks have been bought out.
read the Economist this week. Keating is mentioned in very fine stead. He is a hero of mine, no doubt.
Benjpeter001 9 months ago 3
In 1983 I was working for the National bank who had just taken over the Commercial Banking Company of Sydney(CBC). The Profit that year was a whopping $72 million dollars. The NAB profit these days is almost 100 times that.
There was a period in the eighties after deregulation that saw foreign banks like Citibank, HSBC, etc etc enter the retail market. They are still around but far less active and have little effect on retail banking competition. They did create change in the early days.
ellicattube 10 months ago
@ellicattube Are you enjoying the current monopolised Corporate Fascist Socialist basketcase that the Rudd/Gillard team have made Australia in just 4 years?
MsTsarbomba 2 months ago
@MsTsarbomba Absolutely not !. Gillard is the worst PM since K Rudd. The country has been mismanaged by Rudd Gillard and Swan since '08 and completely fucked up since the Greens have had a say....not to mention a few of the independents. Swan is the most incompetent person I have seen hold any position since Christopher Skase. He's at least as big of an embarrassment to the country as Gillard....and she is certainly no great advertisement for out education system !
ellicattube 2 months ago
@ellicattube Its hard to see a way out of this hole this country has gone down into and the worst is still yet to come it seems
MsTsarbomba 2 months ago
@MsTsarbomba Your kidding aren't you. It took Hawke and Keating to completely reform Australia's economy and open it up. All for Howard and Costello to collect the mining boom revenues and piss it all off in middle class welfare and for labor to carry on this tradition. Home grants, baby bonus, childcare rebate, back to school handouts and now paid parental leave, which will be even bigger under Abbott. There all socialist.
dlan1500 4 weeks ago
@dlan1500 Yeap sure keep fucking booting for your boss Gillard and close friend Bob Brown, and tell that fat bullshit artist whos your boss to fucking lose some weight and get out and walk more. Shes a fucking disgrace and Australia deserves to fucking burn with a dickhead like her in the top job. FUCK GILLARD AND THE NEW WORLD ORDER
MsTsarbomba 4 weeks ago
@dlan1500 Atleast Hawke and Keating could make us laugh and put on a show in Parliament and were not completely hellbent on leaving Australia a complete fucking shitfight, though Keating didnt care for the people. I'll give them that much
MsTsarbomba 4 weeks ago
And 25 years on... We have the most expensive bank fees in the western world. Where's all the foreign banks? There's less competition now that the banking sector is dominated by the big 4 and all the regional banks have been bought out.
jdabel1 1 year ago
@jdabel1 exactly! what has changed?
mahlstadt 11 months ago
TEN WEEK CAMPAIGN! Imagine if 2010 was that long? Everyone would have died of extreme boredom.
YoungGarrett 1 year ago
Sounds like Julie McGregor doing the voice over...
vinnyd91 1 year ago
I think it was the 10-week campaign in the lead up to the Dec 1984 Federal election.
docktaline 2 years ago 2
@docktaline the election was 1983
Scaredbusiness 1 year ago
wasnt it 1983 election?
justpostit 2 years ago
Does anyone like Banks? I would rather they left me alone
jampt1989 2 years ago
Beautiful.
gadflyzzz 2 years ago 3