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#bankingcompetition

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Mojo ♻️<p>Australia's banking system is rigged in favor of the big banks, leading to record profits for them while everyday Aussies struggle with rising interest rates and mortgage repayments. The lack of competition in the banking sector allows banks to pass on costs to borrowers without sharing the benefits with savers, resulting in a massive transfer of wealth from the average punter to bank CEOs and shareholders<br><a href="https://aus.social/tags/BigBankProfits" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>BigBankProfits</span></a> <a href="https://aus.social/tags/AussieMortgageCrisis" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>AussieMortgageCrisis</span></a> <a href="https://aus.social/tags/BankingReform" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>BankingReform</span></a> <a href="https://aus.social/tags/InterestRateHikes" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>InterestRateHikes</span></a><br><a href="https://aus.social/tags/RiggedBankingSystem" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>RiggedBankingSystem</span></a> <a href="https://aus.social/tags/WealthTransfer" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>WealthTransfer</span></a> <a href="https://aus.social/tags/CostOfLivingCrisis" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>CostOfLivingCrisis</span></a> <a href="https://aus.social/tags/BankingCompetition" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>BankingCompetition</span></a><br><a href="https://aus.social/tags/CorporateGreed" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>CorporateGreed</span></a> <a href="https://aus.social/tags/CBA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>CBA</span></a> <a href="https://aus.social/tags/westpac" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>westpac</span></a> <a href="https://aus.social/tags/NAB" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>NAB</span></a> <a href="https://aus.social/tags/ANZ" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ANZ</span></a> </p><p><a href="https://www.youtube.com/watch?v=ikOoNMTSH1c" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">youtube.com/watch?v=ikOoNMTSH1</span><span class="invisible">c</span></a></p>