One of the worrying things is that this potentially gives carte blanche authorisation for insurers to up, already scandalous premiums.
After all the banks and insurance companies need a new target to mis-sell, rob and corrupt the present robbing writ large that goes on in the form of insurance, assurance and charges for managing such a process.
Do I trust ulterior motives of the RBA and the insidious world it represents? Absolutely not - actions speak louder than words. And they are corrupt beyond belief.
Bankers in he old days, pre-deregulation, used to earn respect. Now you wouldn’t piss on one if it was on fire.
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