Westpac
Why is there such a fuss about Westpac raising their interest rate? Yes, it's going to cost you more, but if you're not happy then go somewhere else!
How is it any different from any business deciding they aren't making enough money/want to make more money and putting up their prices? If you like the product and can afford the extra interest stay with them and stop bitching, if not change bank and stop bitching. We have the choice to do this.
Other than the fact they are trying to cover up their profiteering with the pretense that they are looking out for you - which is a valid and commonly used advertising strategy - what's the big deal?
Who doesn't want to make more than they have, regardless of how much they hve to begin with?
My personal trainer just raised her costs, and quite significantly, however personal training is something I'm willing to spend the money on and I think it is perfectly reasonable for her to want to make more money for working hard.
If people think banks are charging too much for loans they should try to live within their means then reassess both their hypocritical view that businesses (people) shouldn't make more money and the fact that they are paying for a service they want and if there is more demand there is going to be a higher cost.
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