Banks – Vote With Your Feet

Karl FitzgeraldMultimediaLeave a Comment

Renegade Economists Show 458

As broadcast on the 3CR airwaves 5.30 – 6pm Wednesdays.
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Show Notes
Undercover banker Ashley X discusses the role of public banks, banking coops and the precarious financial system as we delve into the capabilities of an ethical banking system. Now – vote with your feet!

I bank with Vic Teach Credit Coop, have our mortgage with Members Equity and super with Australian Ethical Investment. Perhaps there are better options to save on bank fees? One is to merge my banking with Members Equity, although they have a new CEO who announced an aggressive push into mortgage lending. You can guess my opinion on such a strategy.

This show was uploaded from the side of a mountain in the Daintree!

Related Links
Check the list of ADIs – look how many foreign branches there are.

APRA’s list of Authorised Deposit-taking Institutions
Customer Owned Banking – find out about the industry
A full list of customer owned banks – which one are you to join?

Economic Glossary

Here’s the Twitter and watch #LVT, #commons, #rentier.

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