Mike's Minute: Are the banks the bad guys?

If you are looking for cogent arguments, then there was no shortage of them from the banks this week in front of the Parliamentary committee looking into banking.

They are doing this because the Government has decided banks need some kind of reform and there is not enough competition.

What they plan to do about it we don’t know, but it’s the same argument around telcos, and petrol, and supermarkets, and airlines.