riots in australia, page-17

I certainly remember a period in the 80's when mortgage rates where very high as a friend of mine lost his house over it and another came very close. From Henry Tornton's website:

'Cash rates and bills rates peaked at 22 % in 1981, at 20 % in 1983 and at 18 % in 1989. Housing lending rates were fully deregulated only by the Hawke Government and REACHED A PEAK (my emhpasis) of 17 % in 1989.

This was followed by 'the recession we had to have'.

Let's hope (and pray?) that this totally economcally incompetent Government doesn't lead us down the same disastrous path, with or without the largesse they want to steal from the resource companies and their long suffering shareholders. Remember those same companies (and their shareholders)went through very long periods of very meagre returns. Surely, after such long, financially dry periods they are entitled to better returns.

Keep your grubby hands of my money Rudd and learn how to run a fiscally responsible government. That should be your first priority!