tag:blogger.com,1999:blog-1917748826116414599.post6993463258030140070..comments2023-11-04T02:36:30.385+11:00Comments on Thru my Sydney Eye: Banking: Our Four PillarsJuliehttp://www.blogger.com/profile/00647929951322724618noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1917748826116414599.post-57575487440558823432015-07-24T19:33:35.679+10:002015-07-24T19:33:35.679+10:00My hubby would beg to differ. According to him ...My hubby would beg to differ. According to him it has weakened Australia's capital sector. He says the four pillar policy is government intervention in the market and keeping them small and weak. Weak like the Greek banks. And the main arguments for the 4 pillar policy have failed eg it was meant to keep mid sized banks operating for the small business sector but the big banks have taken them over. They have kept their names but are owned by the 4. <br /><br />Joan Elizabethhttps://www.blogger.com/profile/16358008925558240778noreply@blogger.comtag:blogger.com,1999:blog-1917748826116414599.post-5525870502660898212015-07-22T16:49:25.331+10:002015-07-22T16:49:25.331+10:00If the four pillars softened the blow of the GFC I...If the four pillars softened the blow of the GFC I am pleased. It's impact was felt loud and clear. Joehttps://www.blogger.com/profile/03284847853657086710noreply@blogger.comtag:blogger.com,1999:blog-1917748826116414599.post-82458691124320283282015-07-22T07:44:50.835+10:002015-07-22T07:44:50.835+10:00Yes, Australia and Canada were in remarkably simil...Yes, Australia and Canada were in remarkably similar situations throughout the GFC. And then we each voted in right-wing ideologues immediately we were spared, and they claimed that the GFC did not occur!! Citizens often get it wrong.Juliehttps://www.blogger.com/profile/00647929951322724618noreply@blogger.comtag:blogger.com,1999:blog-1917748826116414599.post-17407636997008250232015-07-22T01:43:19.259+10:002015-07-22T01:43:19.259+10:00We've got five major banks, and a handful of s...We've got five major banks, and a handful of smaller banks, as well as credit unions. A previous government, not the current one, kept regulations in place to prevent mergers, which probably helped us through the 2008 crash.William Kendallhttps://www.blogger.com/profile/00331324250821836822noreply@blogger.com