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May 2nd, 2012 
FAKE NEWS for the Zionist agenda Greens Leader Christine Milne says the big banks should return some of the favour they received during the global financial crisis by cutting interest rates.
Senator Milne says Australia’s big four banks owe it to the community to pass on the full Reserve Bank cut of 50 basis points to 3.75 per cent.
“Yes, they can (afford it), and yes, they should,” she told reporters in Hobart.
“I think the four big banks particularly need to remember that during the global financial crisis the government came to their aid by guaranteeing deposits.
“They were given a lot of consideration in how we managed the economy at that particular time, and now it’s time for them to pass back to the community the interest rate cuts in full.”
Senator Milne added her voice to senior government figures, including Treasurer Wayne Swan, in calling for the full rate cut to be passed on.
Westpac, the Commonwealth Bank, the National Australia Bank and ANZ, which has posted a $2.92 billion first-half profit, are yet to announce whether they will cut rates.
The Bank of Queensland will lower lending rates by 35 basis points.
Meanwhile, Senator Milne said the government should be flexible on its promise to get next week’s federal budget back into surplus.
She said Mr Swan needed to be mindful of non-mining sectors that were doing it tough.
“What we fear is if you take $40 billion out of the economy in one year you are really going to hit hard southeastern Australia, where jobs are already being lost and economic activity is sluggish,” Senator Milne said.
“Yes, you need to get back to a surplus, but you need to be flexible about it so that you don’t cause even more problems in your economy.”
The Greens say they will not support tax cuts to big corporations worth $16 billion.
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