RBA Governor

Mr Glenn Stevens was echoing my words! He prefers banks to be very profitable so that they remains very strong, stable and reliable and do not take crazy risks. There is enough competition; high level of competition means crazy risks. Is Wayne Swan suffering from tertiary syphillis? He has forgotten that GFC was caused by funny lenders, handing out money cheaply to... voters! Meanwhile Joe Hockey has shifted his brain from the skull to his rectum.

The truth is most Aussies own bank shares! And if the banks provide a service, it can charge for it. Politicians thrive on being popular, not on being clever.