Central banks lower cash rates not commercial banks.
If commercial banks don't follow suit then they get lambasted for being greedy. Now they do lower rates and you are still angry with them.... For those with manageable debt, current rates are enabling them to pay down debt rapidly. Tell them you want banks to jack up rates and make even more profit.....
I am not saying they are model corporations. But you can't have it both ways.
Australian bank lending standards are not overly loose and the article you posted doesn't mention any aussie banks.
Dodgy conduct is a seperate issue to the banks being responsible for a property bubble.
But all of that is beside the point, my point stands. No one has to borrow from big banks, no one has to buy large corporation products, no one has to do anything. But if you do borrow too much, or spend too much, don't blame someone else for it.
It is not the government or big banks responsibility to tell people how much they should borrow.
