disgusting double standard for banks, page-14

LOLR is only used when a fundametally solvent institution cannot meet short term obligations due to the mismatch between the long term assets that banks hold (mortgages are an example) and the short term liabilities they face (at call deposits are an example).


Cool so I have a long term obligation being my home loan...i have spent my savings and have been using my credit card but now need to make some payments...i am fundamentally solvent...will the RBA bail me out?

Have i made a mistake by taking on too much debt when my deposits in the bank was too small?

And on top of this everyone else has to pay because of inflation, my savings in the bank are being whittled away whilst there is more pressure on interest rates?

THIS IS THE INDIVIDUAL BANKS FAULT DUE TO GREED AND POOR MANAGEMENT!!

We the taxpayer are paying for it.