There is a new definition for the word ‘Bank’…out of touch, uncaring and greedy! OR maybe it’s not so new. If you read the media release issue by the Reserve ‘Bank’ (click the link below), it goes to prove just how out of touch these people are. The media release reads like a university lecture in Economics 101. What these people fail to address is existing ‘real world’ implications – the increasing struggle of many folks just to maintain mortgage payments (let alone the impending increase). AND this has a follow-on impact on all of us.
http://www.rba.gov.au/media-releases/2010/mr-10-26.html
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