aarnold (![[info]](http://l-stat.livejournal.com/img/userinfo.gif){kind=small} aarnold) wrote,@ 2008-02-08 22:01:00 |
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Penalty clauses in bank loans
From an article in The Australian today:
That's weird. I thought the vigorous and efficient "competition" between the banks is all consumers need to get the best possible deal. Our banks would never stoop to anti-competitive behaviour purely to make a quick buck at the expense of their valued customers. They would not, I tell you.
Let's not mention that 30-40% of the cost in changing loans is due to government stamp duty.
From an article in The Australian today:
The Government would soon announce a "range of tools" that would force [the banks] to cut exit fees
That's weird. I thought the vigorous and efficient "competition" between the banks is all consumers need to get the best possible deal. Our banks would never stoop to anti-competitive behaviour purely to make a quick buck at the expense of their valued customers. They would not, I tell you.
Let's not mention that 30-40% of the cost in changing loans is due to government stamp duty.
