Westpac banana smoothie video on mortgage rates

[maishadugat]

amazing .. thanks for sharing .. god bless



[mike23984]

Epic public spin.

[lyallsf]

Those banana plants look like palm trees.

[BradAlturn]

unfortunately they are serious, stupid and they have money

[pom181818]

Funny how when they tightened the belt, they didn't scrape a few dollars out of the fat cats wages!!!

[grgkpln]

There's a great spoof on this posted by mozoAU with Westpac buying up the other banks and kicking families out of their house when they can't afford their "smoothie" any more. Should be in related videos or search youtube for "westpac bananas mozoAU".

[groovybill]

A + B = C?

actually, algebraicly, A + B = A + B, not C. C is a completely different concept.

considering this is a bank we're talking about, it may be wise to check your accounts with them before leaving. they may not have gotten the maths right there either.

[TheDucttapeuser]

I would love to shove a banana down this cunts throat until he turns blue and dies...and then i will drag hes body infront of a westpac bank and shove a banana up hes ass and penetrate it infront of the staff and managers.

[Mollarooza]

cry cry, you chose to pay a stupid price for real estate, so its YOUR FAULT dont cry you chose to be a slave

[hernzicus]

looney

[mikefmale]

A + B = C

arseholes + bandits = corporate arse bandits

[movieapple]

Westpac are jerks - I'm moving my accounts to NAB.

[somo84]

You're absolutely right. Westpac ARE jerks....but NAB are just as bad. I'm with Bendigo Bank and they would be as bad also. They're all a bunch of greedy ' C U Next Tuesdays'

[ClubXrock]

The bottom line is that they simply ran out of money for their loans! That, my friends, is a major no-no in the banking world. That is the reason why the GFC occurred because the banks never had the funds in case all customers wanted their money now - the money they wanted was tied up in over priced homes. Now they have to entice the public to put their money bank into term deposits with higher interest rates so the whole 'loan out as much as they can' show can continue merrily.

[ClubXrock]

The bottom line is expect money to become expensive and hard to obtain. The last 15 years money was cheap and easy to obtain. We just went through an easy cycle which ultimately was a pyramid scheme to make all asset owners winners. Now we are heading back to the dark ages of pre -1996 where interest rates were high and banks were very, very reluctant to lend out their expensive money. It's really bad news for young couples who have just bought a home.

[smelmore]

last 4 min was the best part

[TheDucttapeuser]

I would love to shove a banana down this cunts throat until he turns blue and then dies..and then i will shove a banana up hes ass and penetrate it !

[TheDucttapeuser]

HEY i know that guys voice NOW... Its that prick in "Thomas the tank engine videos"...

I wonder how much westpac paid him hahaha

[TheDucttapeuser]

"ONCE UPON A TIME" hahaha ....im sure the guy speaking in this video had a good laugh along with the guy that made the cheap cartoon..

[canaima842]

Westpac had a net profit $3.4 billion this year after the worst finacial crisis since the great deprecion.

$3.4 billion..that is 3.4 millions of millions..I think we know where they can stick their banana to weather the storm!

[Nakmuay1988]

In Australia 3 400 000 000 is 3.4 billion. You have a good point tho

[srkh28]

What a load of drivel! - "largest and most respected institutes?!!!" - pure sickening properganda - they are bent, greedy and fiddle everything to take other peoples money for themselves. I hope bankers life insurance goes up a 1000%.

[Kinglake80]

Hahahahahahahah what a complete joke LOL! What were they thinking!! Westpac you should hang your hand in shame what an absolute embarressment!!! I think you need to sack your advertising agent LOL!!

[zendepity]

love it "why you should let us rip you off!"

[TheDucttapeuser]

I love the way it starts "ONCE UPON A TIME" lolll

[TheDucttapeuser]

What a beautiful cartoon made by a genious..By the way isnt that guys voice from playschool story teller ?

Anyhow westpac had to make it as simple as possible because only morons would go in debt so they had to make a cartoon that even a 2 year old would enjoy.

A+B = C 0:30 LOL

Bring on the bananas !

[MendeliviuM]

Greedy pigs!!

[MendeliviuM]

This video appeals only to those gullible enough to think that a bank's problems can be compared to selling bananas. Where are the interest rate rises that occur internationally, what pressures does a bilion dollar bank face that can't be absorbed by it rather than its customers.

[MendeliviuM]

If customers were so important to Westpac and their friends in the cartel that is australia's banks, then when pressures on the back are lessened and when the Reserve puts down the interest rates WESTPAC and all the other banks would swiftly put down their rates as well. How unfortunate it is then for the Australian people that it takes only a couple of days to put rates up yet months and months to put them down.

[bigredtaxi]

The video is a little condescending, but the point made in the video is still correct, and completely true. Funding costs are skyrocketing thanks to the GFC.

However, if you are not happy with the interest rate being offered, why not change to another bank or credit union instead of complaining?

[CrustyChris1961]

Why don't you borrow money from your greedy managers you pack of sleazoid mongrels!

[matetip]

this is the most rip of bank i ever known it takes you down to the bone, especially when you have there credit card, you have to pay your way to your death bed, never go into westpac bank let them go bankrup they deserve 2..

[Banez1991]

what a bore snore ....

[KingKrunkie]

westpac is rip off anyways.

Kiwi Bank FTW ^_^

[TheBomb54321]

I think this is an excellent video, it explains why Westpac lent out too much money that isnt really IN their vaults and therefore having to borrow more money and pass on the their (Westpac's) interest costs to customers in the form of raising interest rates ...truly, thats whats happening... besides didnt customers agree to sign to a variable rate mortgage in the first place? whos fault is that? LOL and on the flip side... shareholders are smiling coz what it means is a big dividend

[lellbelle]

what a crock of shit! so damn patronizing!

We are not 4 year olds ANZ!! we don't need a cartoon. what we need is; instead of you billing us copious amounts of money for your long term assurance, cut some wages ofthe top dogs, god knows there are families out there working 10 times as hard as they are and instead of being rewarded the just keep getting slugged.

you can put your ad in your pipe and smoke it.

[dismutased]

Westpac, you are condescending wankers!

[RickFortune]

See ya later, Westpac, you just lost me. I'm joining the local Credit Union.

[BJKaBlitz]

what a crock of shit!

[princemat2]

Whats with the additional 4 minutes of nothing ?!

[21bodgie]

what it means is that when the recession hits australia next year, the banana republic will become a banana smoothie.

[huey31415]

This stuff is just common sense anyway.

[SauronsEye]

So if i understand what they were saying is that money is like bananas and bananas grow on trees.

Or can I just pay for my banana smoothie with bananas?.

[srkh28]

.. why is violence towards bankers so wrong???

[5hu7o]

k rudd loves this vid

[tubester4567]

Westpac can kiss my fat ass.

[suzukisierra]

things like this are exactly why women shouldn't be allowed to run companies.

[BWorkhouse1994]

And videos like this are the reason I use ANZ

[IIRoxieII]

ANZ rates have gone up too

[samfednal]

I actually think that this is quite a good video. It is very scary, really, to know that most Australians do not understand the workings of Domestic Market Operations, or any economics really. Westpac is trying to explain a relatively complex problem with an anecdote that is applicable to the average Australian. Instead of condemning the bank for its "condescending gesture", we ought to think about the reality and pressures financial intermediaries face in a post-GFC society.

[TheLsco3453]

Except that they conveniently forgot to mention that they raised their own interest rates by more than they were charged by the Reserve. And the comment that 'popularity isn't our priority - serving aussie families is' is utter bullshit - they're priority is profit, pure and simple. If Westpac went under it wouldn't be the end - another bank would step in and buy them out - big fucking deal. Either way you and me = lose, lose

[gavhb]

Other banks cant buy Westpac, it part of the 4 Pillar thing. If westpac went down ( or any of the other big 4) austraia is F***ed

[Quikslvr21]

never mind the $3.4 billion profit they made... and do they really think we are that stupid?

[RGMorgan]

If this is how bankers actually think banking works then it would explain a lot!

[ShannonLeighIngram]

commonwealth bank ftw

[pux16]

condescending much?

[battleboy45]

the difference is that you can throw away your banana smoothy if you dont like it but you cant throw away a loan if you dont like it

[21bodgie]

the ad is pitched at the exact level of stupidity of the average aussie house buyer who is either gloating over ripping off some other idiot and helping to make australian housing the most unaffordable in the world, or bleating and whining when his dealer the bank jacks up the price of money. screw em up the butt, westpac.

[PuddleQDuck]

Are Westpac serious? It's like they've seen the Commonwealth Bank ads and thought, "Heyyy those marketing guys with the accents.. we like their style! "

[cassowaryind]

I lost everything in Cyclone Larry, WolfPack made $9Billion Profit during the GFC, They didn't loose a single cent and the Taxpayers of Australia even gave Wolfpack bonus money so they can maintain their profits..Wolfpack has no idea how much people lost during Cyclone Larry

Wolfpack even paid their exectives over $15million in Bonuses during the GFC..

I have just closed My Wolfpack account after this.

[tarais18]

this is absolutely ridiculous. blaming the rise in the cost of money on a "storm"?? Yeah because life is just THAT simple. And why should taxpayers money bail out greedy banks? It should come out of the CEO paycheques. So they don't get that second aston martin - big deal.

[berrispatterson]

Yeah, like there was a glut of bananas elsewhere in the world but to further subsidize inefficient QLD farmers, our bananas started costing 5 times as much.

Change banks.

[teplungor]

I cant see whats wrong with this. There are alot of stupid people out there that have got in way over their heads and need to spoken to like a 5 year old.

[thehatdance]

Oh I feel so much better now that it's been explained to me in a way that a total simpleton like myself can understand!

I'm glad I don't have my mortgage with Westpac.

Hang on a second, Westpac own St George and I have a mortgage with them. So much for competition within the banking sector in Australia!

[steveverykeen]

So according to the first few seconds of the clip bananas grow on palm trees?

[nextchucknorris]

whats the big deal about this i get more pissed off when i get rick rolled it wasnt affensive it was common sense i have an loan with them and it hasnt changed anything who didnt know that its not the banks fault its the Reserve banks fault their the barstards and thats what this as is trying to say

[mockers0]

Do you have any idea what the reserve banks purpose is?

If the reserve bank didnt jack up interest rates, the country would inflate and the value of our money decrease. By raising interest rates, the reserve bank helps to deflate the economy

The reason people are pissed off at westpac is because they OVER raised the reserves interest rate hike of 25 basis points. They raised it something like 45 basis points, twice as much

Westpac is to blame here, and this video isnt helping their situation.

[majorbelov]

The Federal Reserve is not 'federal' all the employees are not public servants and it is not a reserve either.

[BipedalHumanoid]

And as the USA's central bank, the federal reserve has absolutely nothing to do with banking in Australia.

[SauronsEye]

@BipedalHumanoid.....how so?

[BipedalHumanoid]

@SauronsEye

Because it isn't Australia's central bank. Australia's central bank is called the Reserve Bank of Australia.

[mockers0]

rofl bipedal these ignorant americans make me lol xD

[SauronsEye]

How is it so that the US federal reserve has nothing to do with Australia, is what I'm asking.

My understanding is that banks never operate in isolation from each other. It's just that the less greedy banks didn't go under in the GFC.

[BipedalHumanoid]

Firstly, this isn't the point I was arguing. In reference to a comment about the reserve bank of Australia, majorbelov started crapping on about the federal reserve.

Secondly, while banks generally don't operate in isolation, the federal reserve is not an ordinary bank. It is a CENTRAL BANK. It is responsible for selling cash to US banks at wholesale interest rates. Not Australian banks. Why would australian banks purchase foreign currency from a foreign central bank?

[kla80t]

look, all you people who don't have the cash to spend to buy your own house and have to borrow money from the bank.. screw you! you are all so stupid!!! if westpac closes their doors for you then were are you gonna live? who's gonna pay for your house and expenses???? get a better job maybe you will stop whinging with the rates... obviously, this video is simple enough to understand but if you still don't get it and feel offended instead... then you are more stupid than i thought!!!!

[roadrunner4030]

@kla80t Yeah cause westpac would be allowed to go under, the point here is that they ignored the RBA and almost doubled the official rate rise, and the guy who essentially begins his comment with, fuck you poor people, must surely be one of the great minds of our time and therefor must let everyone on youtube know just how very clever he is compared to everyone else. Do the world a favour, and jump into a piranha tank with open wounds.

[shuju]

even if u didnt have open wounds, im pretty sure piranhas would eat you alive

[mockers0]

Dont be upset, he has a very good point.

Only people with low paying jobs are affected negatively by interest rate rises because they are the ones who have to borrow money.

If you have a 1/2 decent job, you wouldn't be crying.

[majorbelov]

My friend got a $100,000 investment loan, are you saying that this won't affect him negatively?

His repayments have increased, but the returns from his investment won't necessarily increase.

[mockers0]

If he is a successful investor, he will manage to gain more percentage back on it than what the bank will claim back.. and yet this has nothing to do with the original point.

Grats.

[BipedalHumanoid]

If Lehmans can go under, Westpac can go under.

[Nakmuay1988]

I think it was more to do with the practices of American and European banks than their size. You'd be hard pressed to find an expert out there who thinks Westpac is in bad shape

[BipedalHumanoid]

Way to miss the point.

The point I was responding to was that the government wouldn't let Westpac fold. This has nothing to do with the practices of the bank.

The fact is that nobody thought the US government would allow Lehmans to fold. Hence my response.

[Nakmuay1988]

Sorry, I didn't read the whole thread just your last comment. Yes, there are plenty of businesses in Australia that are "too big to fail".

[killualluka]

You are prolly renting/live with you parents. hmm..

[cabinopf]

close ur bank account from westpac,take the $ and walk away! glad i don't have an account there!

[shuju]

exactly!

join NAB - its the place to be! <3

[mockers0]

Im thinking of switching from ANZ to NAB because they are getting rid a lot of their fees.

A bank shouldn't charge you money. They have the priviledge of using your money to make money. If you didnt use a bank and just hid all your money under your bed, banks would go under.

[roadrunner4030]

funboy456, people get mortgages because they dont have the money right now you douche, people like you are only alive because it is illegal for me to rip out your eyes and use them as earplugs to block out your screams whilst i headbutt you into a fine paste. go suck a lemon

[roadrunner4030]

A+B= Hi i'm gail kelly, so you want a home loan with westpac? well then, prepare to be fucked up the ass.

[TheMisRose]

How did this get through the 'will this piss everyone off'checks at Westpac?

[mockers0]

No its ok, they had a video that explained it all.. hehe

[wangaaa]

Companies should never justify the decisions..just make them and stand by them....Westpac is being defensive....a little worrying really

[mockers0]

Its cause they were caught 'red' handed, and they really have no reason.

[wellington6567]

not sure how you can equate the market price of bananas with the market price of money.. Unlike the price of bananas the govt sets the price of money... not sure why you equate that to a free market mechanism

[mockers0]

The government doesn't set the price of money, the reserve bank does (which is a separate entity to the government).

Of course it equates to the free market. As the supply of bananas decrease, prices will increase.

As the supply of money decreases (increased interest rates), prices will increase.

It is exactly the same.

[majorbelov]

They raised their interest rate by more than the Reserve is charging them.

[mockers0]

Yea, cause they are greedy.

The OP is asking how the price of bananas can be related to the price of money. I explained it. Their excess raise is almost as irrelevant as an ignorant american posting on this video.

[13dale13]

Do they really think we're that stupid? Equating a bank with a smoothie vendor makes absolutely no sense. When was the last time a smoothie vendor put prices up to continue to pay executives outrageous salaries and bonuses?

If their gleeful, grab for cash, rate rise didn't turn me off Westpac forever, this moronic defense of their greed certainly has!

[funboy456]

This video needs to be presented in this way because most people are virtually retarded ( stuball im looking at you ). Only fucken idiots like you use other bank ATM's. Anyone remember the 40 overdrawn fee being reduced to 9??? Where the fuck did you fucken idiots think it was going to come from????? If you dont like it, buy your house with your own fucken money and suck my cock you stupid fucken cunts!!!!!

[waldentree]

Supply and demand. Deflation. Go figure.

[Gavrillo]

How offensive.

[wizzie007]

fuck you westpac

[wangaaa]

How condescending is this video! A+B=C

Come on ....Do the right thing right now!!!!!

[Person1036]

Bank=Money.

Banana smoothie salesman=Banana Smoothie.

Of course! It's so much clearer now!

[nushalicious]

The only reason they had to make such a deamning video is cuz half the general population has no clue how the finance system works yet are more than happy to whinge about it anything that moves

[rowan1802]

This video is so insulting. It baffles me why they thought it was a good idea to send this out to their customers. What they should really say is "Look all you wingers. You took out loans when interest rates were at record lows and money was cheap. Now it is time to pay"

Seriously though the bank customers haven't seen anything yet. All banks will do the same eventually. Westpac is paying 6.8% on term deposits but loaning out money at 6% to most customers.

[Stuballs84]

The $2 per ATM withdrawal was the buffer for the banks due to the economical crisis. So really it shows that westpac has been mismanaged if you look at other banks like NAB who have not gone over the RBA's rise and CBA and ANZ who has risen it slightly.

[21bodgie]

i don't own a house, even part of one, and I'm sick of house owners gloating about how much they ripped somebody off or how much their fucking castle is now worth, or whining about interest rates and getting dudded by mean banks.

[lambolica]

Somebody please re do this bringing shareholders into the equasion and 3.5 Bil profits

[need2free]

I gave this video 5 stars simply because they succeeded in making an ad that's demeaning and insulting to anyone who watches it. It's as if Westpac just wants to make things worse by treating its customers like kids that can't understand 'the big picture'.

[Keats71]

Hey Westpac we all understand interest rates go up and down. Most fail to understand why yours went up more than they needed to so you can make massive profits.

I know what most people would love to do you with a bannana!!!

[keithholden]

This tells me westpac should import bananas from somewhere else.

Like the banana republic. the united states.

It also suggests there is going to be more of a storm than they are letting on.

Higher rates to off set the coming wave of forclosures.

Less tourists .. lower prices.

[duke149]

Westpac talks about saving the future of their business.

Maybe they should realise they have no business if they continue to piss off customers like this.

[prawn71]

Greedy fuckers trying to make excuses for their greed! People don't live in banana smoothies.

[PickUpThePhone209]

So is purchasing a unit of currency like taking stake in a Boost Juice Franchise?

[mattdaviesonair]

I'm filled with FEAR and WORRY, what can I do? *grabs refreshing banana smoothie* ahhh life is better, thankyou for turning my dreams into reality.

[marcusmck]

"Here's the thing" Westpac; Go Fuck yourself!

[MrDeficate]

yes we have no bananas, We have no bananas today!

[SuperApparition]

Disgusting propaganda designed for the sport addicted Neanderthals. Banana smoothies? Tropical storms? Of course, the housing bubble was created by an act of nature. This ad is the equivalent of a bank robber telling the bank manager he needs to steal money because a tropical storm ruined his banana smoothie business. 'So, if you want Australians to continue enjoying my banana smoothies Mr Bank Manager, you'd better give me all your money. Then everyone will be happy and thirst-quenched.' Bunk.

[keithholden]

The STorm was created by the banks in the first place.

Take it off the bottom line.

[TASHXFILES]

honestly how dumb do they think we are?

[truthseekernz]

It's a good video for the vast majority who would struggle to keep up with the complex ideas presented rapidly in a small amount of time. No...I'm not joking. But for those who have a clue...this ad will suck so hard it blows.

[henrylordskowalski]

omg westpac suck so hard!! i have savings accounts with them but this video made me vomit and now im going to change banks

[twilson44]

I'm looking forward to Westpac and the other banks releasing videos on topics such as "Why we pay our CEO's and Board Members exorbitant salaries", or "How we save money by slashing Australian jobs and moving them overseas so as to increase our profits".

[thefleafm]

This must have been created by a team of highly paid communications specialists who knew what was needed for the average Australian to be able to understand about the price of smoothies? Glad I'm not an Australian customer of that bank!