CTP 1.02% 5.0¢ central petroleum limited

Ann: Central signs 5.2 PJ pre-paid gas sale agreement-CTP.AX, page-21

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  1. 1,722 Posts.
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    There is another thing here which is a worrying feature of modern banking which probably would not have happened 30 years ago .

    In the past , banks stuck to banking and didn't engage in large scale proprietary trading on their own account .

    They would also not use their monopolistic positions and to compete in other industries .

    I'm not saying that it was ever quite as black and white as that but banks have an unfair advantage and if they can't restrain their urge to use it , then legislation is needed to prevent them doing so .

    For those of us on main street , things used to work a whole lot better when banks were banks and not hedge funds with banking licenses and ultimately underwritten by the taxpayer .
 
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