Which Bank? The Commonwealth

As the name implies, a bank for everyone? a bank for the commoners? a bank owned by the state / government? In actual fact, the name cannot be further from reality, a fact deliberately omitted by the ACCC as FALSE ADVERTISING.

Each branch of the Commonwealth Bank is privately owned, i.e an Autonomous business, which is 50% owned by the bank's branch director, a fact NOT publicly mentioned.

A few years ago, consumers were angry at branches closing, in the remote Outback, in areas deemed by the director, as non profitable, as it was NOT about providing a service for the people, as previously named banks (e.g State Bank) suggested, but about profiteering.

Naturally, as with ALL private businesses, it is susceptible to 'bankruptcy', a trend that will emerge later.

Victoria University Closeure

In accordance with governmental policies to 'not educate the peasants', another statistic will be added to the list.

What is the norm is that schools for the 'peasants' are demolished, and taken over by corporate enterprise in what can only be described as 'money for mates' deals.

In its current infancy, the plan is to shut down Victoria University's Sunbury Campus.

In order to achieve this it must be shown that the University is not profitable. The directive has been given to the decision makers at the University (names are with held to protect the guilty) to 'shut down' courses, and limit availability to the students, thus not enticing them to study there.

A report will be then produced that will show (justify) financial reasons to close the University due to lack of students, thus mission accomplished.

This will happen in 2009/2010.

unnamed source, Dec 2008