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	<title>Hot Penny Stocks &#187; westpac</title>
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		<title>The Westpac banana Video clip saga</title>
		<link>http://www.penny-hopefuls.com/aussie-banks/the-westpac-banana-video-clip-saga/</link>
		<comments>http://www.penny-hopefuls.com/aussie-banks/the-westpac-banana-video-clip-saga/#comments</comments>
		<pubDate>Fri, 11 Dec 2009 14:17:14 +0000</pubDate>
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				<category><![CDATA[aussie banking]]></category>
		<category><![CDATA[aussie banks]]></category>
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		<category><![CDATA[westpac]]></category>

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		<description><![CDATA[Westpac Banana Drama Video Who’s going bananas ? http://video.ninemsn.com.au/video.aspx?vid=0e55d1f5-d992-4529-8e84-2a579985434c&#38;from=articleinline&#38;fg=money^newsandanalysis^981507 Here is the spoof version of the Westpac Banana video clip Ref :http://mumbrella.com.au/westpacs-banana-video-translated-14000 Westpac has been forced to remove an animated video on its website comparing its interest rate rise to the cost of bananas. A spokeswoman for the bank said: “Following the feedback we have [...]]]></description>
			<content:encoded><![CDATA[<h2><span style="text-decoration: underline;">Westpac Banana Drama Video</span></h2>
<p>Who’s going bananas ?</p>
<p><img src="http://www.abc.net.au/reslib/200705/r144127_501956.jpg" alt="Bunches of bananas." /></p>
<p><a title="http://video.ninemsn.com.au/video.aspx?vid=0e55d1f5-d992-4529-8e84-2a579985434c&amp;from=articleinline&amp;fg=money^newsandanalysis^981507" href="http://video.ninemsn.com.au/video.aspx?vid=0e55d1f5-d992-4529-8e84-2a579985434c&amp;from=articleinline&amp;fg=money^newsandanalysis^981507">http://video.ninemsn.com.au/video.aspx?vid=0e55d1f5-d992-4529-8e84-2a579985434c&amp;from=articleinline&amp;fg=money^newsandanalysis^981507</a></p>
<h3><span style="text-decoration: underline;">Here is the spoof version of the Westpac Banana video clip</span></h3>
<p><object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="425" height="344" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="allowFullScreen" value="true" /><param name="allowScriptAccess" value="always" /><param name="src" value="http://www.youtube.com/v/EDL6vFtj-gE&amp;color1=0xb1b1b1&amp;color2=0xcfcfcf&amp;hl=en_US&amp;feature=player_embedded&amp;fs=1" /><param name="allowfullscreen" value="true" /><embed type="application/x-shockwave-flash" width="425" height="344" src="http://www.youtube.com/v/EDL6vFtj-gE&amp;color1=0xb1b1b1&amp;color2=0xcfcfcf&amp;hl=en_US&amp;feature=player_embedded&amp;fs=1" allowscriptaccess="always" allowfullscreen="true"></embed></object></p>
<p>Ref :<a href="http://mumbrella.com.au/westpacs-banana-video-translated-14000">http://mumbrella.com.au/westpacs-banana-video-translated-14000</a></p>
<p>Westpac has been forced to remove an animated video on its website comparing its interest rate rise to the cost of bananas.</p>
<p>A spokeswoman for the bank said: “Following the feedback we have received today we have removed the video from our customer information site on the rate change.”</p>
<blockquote><p><strong>The video was originally created for staff to help understand the changes in the economic environment as a consequence of the global financial crisis.</strong></p>
<p><a href="http://money.ninemsn.com.au/videoindex.aspx?videoid=4d893155-2930-4d2f-a2d1-11e8cbb92c5e&amp;tab=1"><strong>Watch now: Westpac&#8217;s banana video in full</strong></a></p></blockquote>
<p>Westpac then made the decision to send the <a href="http://www.australianstockwatch.com/2009/12/banana-bank-saga.html" target="_blank">Banana video</a> out in an email to customers on Monday. It followed the bank’s move to lift its standard variable mortgage rate by 45 basis points last week – nearly double the Reserve Bank’s 25-basis-point increase earlier that same day.</p>
<blockquote><p>Prime Minister Kevin Rudd says Westpac should take &#8220;a long hard look at itself&#8221; after the bank tried to explain its 45 basis point interest rate rise with an animated video about bananas.</p></blockquote>
<p>The voice over in the video tells the story of when a storm damaged crops, diminishing the supply of bananas, the price of the fruit went up which in turn meant that the cost of a banana smoothie had to go up by 50 cents</p>
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