Point taken TCI, but I'm just using their reaction to austerity measures as potentially a similar outcome in Australia. Banks globally and the governments that are supposed to regulate them as well as human greed have caused the GFC.
Just like some dogs will over eat food if left alone with excess, some humans will consume credit until they self destruct, and therefore there is a need for regulation.
The banks are handing out half a mill here and there to low income earners like lollies. Several mill if you have yourself a whole lot of 'equity mate'. We will pay the price for this, and I wouldn't want to be heavily exposed to the mess that must happen to eventually catch up with this KPI driven, ponzi scheme, lack of respect for money.
