AAP General News (Australia)
12-15-2010
FED:Symond vested interest in criticizism:Swan
Treasurer WAYNE SWAN has dismissed criticism of the federal government's banking reforms
that he says is coming from vested interests.
He says one of them is Aussie Home Loans founder JOHN SYMOND .. who had a go at Labor's
plans at the Senate inquiry into competition in the banking sector yesterday.
Mr SWAN's told Adelaide radio station 5AA that Mr SYMOND had asked for 30 billion dollars
worth of public support for smaller lenders .. yet he's substantially owned by the country's
biggest bank .. the Commonwealth Bank.
The radio studio was swept for bombs before the treasurer arrived.
AAP RTV lk/jmt
KEYWORD: BANKING SWAN (ADELAIDE)
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