No one has come out of CBA’s cash blunder looking good
The bank’s fee mess is an uncharacteristic stuff-up. But it’s also a missed opportunity to have proper debate about technology, economic growth and equity.
Treasurer Jim Chalmers must have woken up on Wednesday thinking it was Christmas Day.
Sure, having to explain another tepid set of GDP numbers is no one’s idea of fun. But the opportunity to play the white knight and rescue the Australian public from a greedy bank? That’s a gift.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
