I really doesn't matter if it's right or wrong in our eyes --
banks are seen as professionals in finance - and, they 'should' know - so, if there's a demonstrable loss, if there's culpability at the bank - then, they have a case - no real argument there.
Banks have a very solid clear track record of pushing borrowings -- how many letters of offer did we get to raise credit card limits etc. ???
we have had a Royal Commission on this sort of stuff - one would have to have been in a coma not to have noticed -
BANKS are responsible. It's very clear that clients are not educated enough to know what they are getting into and it's very very clear with the miles of fine fine print - so, much and so many conditions that the banks write - they they try their hardest to obfuscate and confuse, as well as cover their bums.
