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August 17, 2008
The image of fat cat banks that gouge customers never really goes away does it. It has resurfaced recently with the banks, bruised from the credit crunch in the US, intimating that they may not pass on cut in interest rates when the Reserve bank lowers them. Bad banks. They have record profits.
The old images of money power resurface and their forms are reinvented:
Matt Golding
Money power all about making money. Follow the money. Go north to the once conservative backwater. of Queensland. Follow the boom says the Australian Financial Review. The coal-fired mining boom in the sunshine state Queensland they mean. A coal boom that is meant to last decades. China, with its breakneck economic growth, is the beacon of hope for the money makers.
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the power is shifting to Queensland