Oh so you're a socialist underneath? Amazing how some hardheaded capitalists go weak at the knees when numpty boomers overgear and might have to tighten their belts. Oh, there's a risk in borrowing millions to leverage into property. Who would have thought? But it's ok when the underclass have only $300 Newstart to live on.
Those loans are funded by deposits. Should the bank tell pensioners they're not getting interest on their term deposits? And perhaps you think all hybrid security interest should be suspended as well? Where does the money for all this interest forgiveness come from.
Bank margins are thin as it is. If they do what you suggest they'd go broke.
WBC Price at posting:
$15.72 Sentiment: Hold Disclosure: Not Held
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