"He urged the Government to "crank it up" - increasing pressure on Canberra to pump extra funds into residential mortgage-backed securities to assist smaller lenders in accessing money at more competitive interest rates."
yeah good one! thats all we need more tax payers dollars supporting the mortgage market
why dont they just remove tax on deposits so there is enough money saved that can be loaned out in the first place and we dont have this situation with foreign lenders increasing their rates and having them passed on?
that way the interest that you earn on a deposit can at least keep pace with inflation and stop this ponzi rot
