banks taking risks again, page-16

  1. 13,252 Posts.
    Nice one in the 90's in Victoria we had austerity. With extra taxes and wage freezes. It was not nice for the average person but steps sometimes need to be taken.
    THe trouble is when your use to feeding off the breast of the Government its hard to wean off as the greeks are finding out. The World is not perfect an events will unfold and while they looked bad at the time in 12 months its a memory. I think interest rates will come down soon and I hope the average Joe takes advantage to pay dowm debt and not look at it as an opportunity to go in deeper. Debt used responsibly is tool that can make someone wealthier. Used irresponsibly can break as what we sometimes forget it must be paid back, as tool it works for you, when your a tool you work for it. A fine line for a lot I am sure.
 
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