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Interest rates - the new neutral, page-51

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nosirommit

1,995 Posts.

27

24/08/17

14:52

Post #: 26730744
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Originally posted by 3bornot3b ↑

"Borrowing money is the borrowers responsibility. It is not your money. It is someone else's. You talk all the risk and pay a premium for using money that is not yours"

Therefore, lending money is the lenders' responsibility? What if the lending is money that is not really theirs? Banks have made large amounts of loans on minimal capital levels. The banks have taken the fractional reserve system for lending to new outrageous limits. Wasn't this one of the main reasons for the Financial Systems Inquiry that led to APRA's measures to reign in the banks lending?

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Yes, I said that...??

And yes again, but they were APRA's rules in the first place, they just changed them.
They will probably change them again....and again....and again....
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