One Nation is the Only Party Prepared to Take on The Banks 20/5/2010
One Nation is the Only Party Prepared to Take on The Banks
The class action being launched against the banks for their unjust fees should be unnecessary as far as One Nation is concerned. We challenge both Labor and Liberal to regulate the banking system and end years of blatant greed and theft from our bank accounts.
Excessive fees and charges have been forced onto the public while the banks' profits soar to record heights and our politicians in Canberra say nothing. Could that be because the banks donate millions to our major political parties? The Government wants to grab a bigger share of the profits of miners but apparently the banking sector is untouchable.
Furthermore, rather than educate people to use money correctly, banks push products that will cost the consumer and encourage profligate spending, which contributes to our ever-growing national debt. Like our high taxing Government, the banks keep working families in a state of slavery paying off interest and bank fees. The same greed makes our businesses uncompetitive and forces them offshore.
We need to stop the “profits over people” attitude. Leaving that for the banks to do is like expecting a drug addict to give up drugs as banks are addicted to profit. One Nation's solution has always been to re-institute a state owned bank. It worked well in the days of the original Commonwealth Bank and it will work today. Such a bank would set the benchmark for interest rates and charges which the other banks would have to follow or lose their clients.