current interest rates for cnp, page-12

The only tactic available seems to be to borrow from Aust banks- at Australian interest rates- amongst the highest in the OECD.
There are some signs of a beginning of recovery in the US securitised debt market. USB and Citibank have both sold offerings just recently. (Info in SMH on Friday)
Perhaps if and when there is a recovery, the high interest borrowings in Australia can be replaced with money at lower rates from the US wholesale market. (In longer run, better to borrow in the same currency your income is in)
High rates or not, the Australian banks cant really be accused of gouging-they have to pay going rates on deposits in Australia. The Australian rates are more to do with the RBOA. It looks like team Australia is holding its own in very adverse circumstances. We are playing as a team. Excellent.
Holding these assets will be worthwhile in the longer run-far better than selling them into a buyers market.
There is no doubt too much was bitten of too fast here. Just returning to a sustainable and defensible position is success now- and it looks like the odds are quite positive now to me.
This money going to Centro from the local banks, though secured, is taking money out of the pool available for lending to consumers in Australia. The sooner the US debt market recovers the better for all of us. But will it?