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Banks treating Swan like a 'mug'

Opposition treasury spokesman Malcolm Turnbull backed comments by former Coalition treasurer Peter Costello last week that the banks were taking advantage of Treasurer Wayne Swan's inexperience.

"Wayne Swan is being treated like a mug by the banks, no question," Mr Turnbull said on ABC radio today.

He described as "absolutely dismal" Mr Swan's performance on interest rates.

"When the NAB came out and put up rates the first time, Wayne Swan defended them with an eager enthusiasm that made him sound like a public relations officer for the Australian Bankers Association," Mr Turnbull said.

The threat of the banks raising mortgage rates independently of the Reserve Bank of Australia (RBA) was "always coming up in the lift".

"Wayne Swan did nothing to get ready for it.


Club news

Delta KappaEpsilon Sigma AlphaDelta Kappa Chapter of Epsilon Sigma Alpha will meet 7 p.m. today at the Chamber of Commerce.Delta Kappa meets on the first and third Monday of the month. For more information on becoming a member or forming a chapter, contact Vivian Gibson at 364-0484.Eta ChapterDelta Kappa GammaThe Eta Chapter of Delta Kappa Gamma will meet 6 p.m. Tuesday at Eisenhower Elementary, 1415 Fairlawn Dr. Deputy Kim Lopez with the Cleveland County Sheriff's department will present a program on personal safety and identity theft. Dinner of soup and dessert will be served with donations for the soup going to the chapter scholarship fund. For more information contact Lorraine Provine at lorraineprovine@cox.net or Ann Goff at 364-4429.Central Oklahoma Marine Aquarium SocietyThe Central Oklahoma Marine Aquarium Society's annual membership drive is 7:30 p.m.


Cracked On the job, he covered the District's crack cocaine epidemic ...

I should've turned and walked away when Carrie didn't answer the door. But I was on a mission, and my judgment at the time was less than sound.

Carrie was a lithe, blond Arkansan with a sweet demeanor and prom-queen looks. Instead of her, I was greeted by a large man wearing a dirty white T-shirt and bluejeans. He had a wild, uncombed Afro.

"What you want?" His eyes were bloodshot. His expression was suspicious. He was north of 6 feet tall and well over 200 pounds.

I checked the number on the door. The building was on Ninth Street NW, in the Shaw neighborhood. Carrie had said she'd be in unit No. 32 -- the same number I was looking at. "Maybe I've got the wrong place," I recall replying. "I'm looking for Carrie."

The man's expression softened.


Joe Arpaio and Andrew Thomas are teaching the rest of the nation how ...

On a cool, clear Friday night in early February, about a hundred people are packed into the Casa Blanca Lounge on Van Buren Street in downtown Phoenix. Many of them have come for "communion" with local punk/thrash quartet NunZilla. But the "nuns" here aren't anything like the ones who rapped your knuckles with rulers in Catholic school, and this communion is more like an anarchistic tent revival. .



 

 

 

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