Make Australia Post a Government Bank to compete against the big 4 banks. CEO of the 21st Century Group says the Federal Government should immediately move to make Australia Post a Federally Funded Bank to compete against the major 4 banks, especially after CBA  just raised their interest rates. The Government can criticise banks all they want, but they have little to no power to stop them raising rates at will;  not even the Reserve Bank has the power it used to. And because they allowed the Read more [...]