22 May

"Australian banks are upset. Their $30 billion per year gravy train of profits from the Australian people is finally being slowed down...To be clear, the banking system is a regulated cartel. Its primary function is to provide a public good in the form of the money supply of the country. As such, we would expect it to be uncompetitive, and use tight regulatory controls to ensure that the privileged position of private banks is not being abused." https://gameofmates.com/2017/05/17/the-bank-competition-myth/