yep this is very sad, i understand one of the key jobs of the RBA is to make sure markets dont crash but really...
If the RBA had lifted rates earlier and not created this property bubble the banks wouldnt have gotten into this problem, people could afford homes and rents would be cheaper and inflation less.
Does this send the signal that spend all you can as it doesnt matter if you have taken too many risks cause the RBA will save your bacon at taxpayers expense?
