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Collapse Issue 164 - 30 Apr 2007Issue 164 - 30 Apr 2007

Greed of banks

As an old-timer, I can recall many of the leaders of the Labor Party in the past were hurt by the greed and social fascism of the banks.

They were pushed off their land and thrown on Poverty Row by these financial institutions.

Labor Prime Minister Ben Chiffley tried to nationalise the banks to bring them under the control of the people.

Decades later, another Labor Prime Minister privatised and de-regulated these banks, under the now current social banner "Greed is Good" and "Let's Screw the Poor".



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