Business warns of fallout from royal commission lending crunch

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Top business leaders have sounded warnings over the 'unintended' fallout from the banking royal commission, including a crunch on lending by nervous banks.

 

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I have already felt the fallout. I am 62 years old trying to get back into the property market. And have been denied finance by 3 lenders. I have the same credit report as my son who was approved. One lender admitted before the RC I would have been approved. What bullshit.

Pesky victims look what they have done.

So no problem with proper loan applications that qualify, but we need to open the floodgates again to RC highlited bad practice.Sounds like a bunch of trickledowners whinging again

no more negative gearing 50 properties.....bad times ahead

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Unions, gaming industry and wealthy business owners top annual list of political party donorsThe Nationals accepted $56,500 from cigarette giant Philip Morris, which also gave $40,000 to David Leyonhjelm's Liberal Democrats. By some miracle the failed Australian political systems and political parties need a total over haul to reduce corruption. I think it is showing that more and more Australian people are over governments working for business to the determent of the Australian people. Like America, where you have a supposed wealthy country riddled with poverty where as one in seven family's recently have had to seek help from charities to get by. We know our system of government has well and truely been corrupted and has lost it's way. Donations should be illegal in the political system. How can you ever expect the best outcomes for the country when votes can be bought.
Source: theage - 🏆 8. / 77 Read more »