Ben Chifley's botched attempt to nationalise Australia's banks

By Norman Abjorensen
Updated April 24 2018 - 10:16pm, first published June 3 2017 - 4:07pm

The predictable howls of outrage from the big banks about the $6.2 billion levy imposed on them in the federal budget are unlikely to arouse any sympathy from the electorate, nor will the move do the government any foreseeable harm. But resistance will continue regardless – and the banks have a long history of winning.

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