Banks have a responsibility to save people from themselves......it had to happen at some stage. Next few years could spell less new cars and less holidays to Bali.
'Sharks warn against tighter shark nets in wake of changes at beaches to save human lives.'
Oh yes. Lets encourage more public debt. It keeps businesses a float and the public tied to each paycheck like a slave. ShitIdea auspol
Please explain how tightening lending standards is a rational, much less relevant response to banks charging fees for services not rendered, for charging fees to dead clients, for paying exorbitant bonuses to executives who failed to meet their KPIs🧐🧐
Seems like the only 'business leaders' concerned are those who want higher property prices for bigger loans and larger commissions. Self interest at it's best I guess. auspol
Has anyone been charged with a crime yet? auspol
Thought the rc was all about tightening the standards...
It's already happened Business LEADERS are you joking?
This is beginning to look like the banks have colluded to collectively drive up credit standards and stall new lending in revenge for the BankingRoyal. It’s exactly why the commission needs to sit for much longer. Where’s the acccgovau ?
NAMES of these business so called LEADERS or leaner. Bankers, Financial theorist, Real Estate agents, Mortgage Brokers, Developers, so many feeding of the magic pudding, over cooked & well over primed
It's like starting a train without any brakes and getting it up to full speed. Stopping it will be messy, painful and someone will get hurt. So maybe we just let it keep going, maybe even stoke the coals a bit more?