Reader’s Comments: Which bank gouges you? | News.com.au
I’ve been reading (and had to contribute) the comments posted on this news story. It’s amazing how many people offer comments that have no basis in reality. Some are blaming the current government which has been in power for less than 2 months, some are blaming the previous government.
In reality, the world economy is in a bit of a mess at the moment and I personally don’t believe any Australian government has that much influence on international business.
Banks are a business and they will endeavour to make a profit. It’s a simple fact. If their costs increase, they will pass those costs on to consumers. It’s unfortunate for those who have large loans and although I do sympathise, I think those that borrowed need to accept the consequences of their own decision. They made the decision to take out a loan. They agreed to the terms of a variable loan. It’s too to late complain about now.
Well, that’s my opinion anyway, it’s the only only one I have. 
