you should read the paper more, how many banks have collapsed due to this?
the AU$ is already plumeted
is your head in the sand?
From80 is right
the reality is, banks make money lending money, look at the bank stocks this decade how they boomed, they boomed as they leant more money out to people buying house's. the more money they give out the more interest $$$ they get paid back.
as people default and walk away from loans, this is all money they are no longer getting interest on, their profits will drop, their PE ratios will go up, and the stock price will go down.
its called reality, not a conspiracy theory like you are trying to make it into.
read the news mate it is very real, why do you think bank stocks are dropping? why do you think banks are losing money? clearly you do not read the news, or check stock prices
