australia's very own subprime crisis looming, page-10

"Banks do not lend on 5% deposit Unless they are 100% sure things are going North "

So the banks are good at predicting if you are going to lose your job?

I am barely holding on to the fact that I wish everyone here makes money but the bright sparks showing their analytical class make it very difficult to not wish otherwise - I am cynicle to keep me from going insane.

The banks here are highy leveraged .. go do your research:
"With actual leverage of roughly 26.5?times, a 4 per cent fall in asset values would, on average, wipe out the major banks’ capital .. this is our big four here in Oz.

thats the problem with people in general .. she'll be right mate .. the banks must know what they are doing. Um no they dont. Do your research - and that means outside HC.

oh I shake my head .. disbelief ..