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Economic weather report: Should the banks sacrifice profits?

Posted in News May 14, 2009 - 08:15pm, Bernard Hickey

Bernard Hickey presents an Economic Weather Report in association with ASB. Finance Minister Bill English has called on the banks to reduce their profits and give consumers a 'fair go' by passing on recent Official Cash Rate cuts to consumers. But should they? Are they profiteering? Bernard examines these claims and whether banks should reduce their profits.

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by Iain Parker | 15 May 09, 5:39am

More and more insiders are

More and more insiders are coming out and telling it like it is, Richard Cook, Michael Hudson, Joseph Stiglitz and now Simon Johnson of IMF, this article is a must read for any serious student of high finance;
http://www.theatlantic.com/doc/200905/imf-advice