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Friday, July 17, 2009


Giles Pickford

The proposed class action on the banks is a far worse scandal that the tax on miners.

The Banks have managed their affairs well during the recession and during the darkest days they were four of the eight world banks that were Triple A-Rated. The other four were Chinese.

They charged us what was necessary and they stayed afloat. The thanks they will get, courtesy of the legal profession, is an immense headache. Hundreds of thousands of mums and dads will get a few hundred dollars and the Lawyers will get millions.

This is a transfer of wealth from public to private. The public will get enough money to live on for a few days and the Lawyers will make a fortune.

It is absolutely disgusting and I will have none of it.

Giles Pickford

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