While activist woke tear into Uffindell (while ignoring Sharma) the banks made an obscene $1.7b profit in 3 months! Banks made $1.7b profit last quarter despite economic headwindsBank profits are holding at near record levels in defiance of a slowing economy, rising interest rates and strong inflation. Normally this crony capitalism goes unnoticed because everyone is benefitting, but with Covid killing free market capitalism and the climate crisis interrupting the economy, people are stressed out and frightened and feeling poorer. Being at the mercy of Australian Banks in an under regulated market ripe for annual plunder is not a fucking economic policy! The Banks made another obscene profit, and what are the woke middle class activists focusing on?

Source: Stuff September 21, 2022 23:01 UTC