banks

Iceland's amazing and peaceful revolution - still not in the news

Anonymous — Sun, 05 Aug 2012 12:52:30 +0000

Iceland’s peaceful revolution is a stunning example of how little our media tells us about the rest of the world.
An article at WakeUpWorld says that “The Icelandic economy will outgrow the eurozone in 2012 and is set to outgrow the entire developed world on average, according to estimates.
Now Iceland is proceeding to actually prosecute some of their formerly most powerful bankers and the Icelandic special prosecutor has stated that it very well may indict some 90 people.

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Occupy Sydney occupies Westpac Headquarters

Anonymous — Tue, 31 Jan 2012 12:01:04 +0000

Occupy Sydney occupied the head office of Westpac in Sydney on January 30 to protest against the axing of 188 jobs. The people whose jobs are being axed will have to train their overseas replacements, who will be paid far less. Meanwhile, Westpacs CEO Gail Kelly was paid $9.5 million in 2011 and Westpac made $6.9 billion.

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How much profit is too much?

Noel Conway — Wed, 07 Dec 2011 11:54:11 +0000

The four major banks have refused to follow the lead of the Reserve bank and reduce their interest rates charged on borrowings.

Last financial year these four banks amassed a whopping 24 billion dollars in super profits. They are four of the most profitable banks int her world, protected by the government from failure. Their largesse is a crime.

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