sounds like a repeat of his message when he was last interviewed on Lateline by Tony Jones.
Back then, he was asking for the o/seas banks to crank up the lending so the whole eceonomic system didn't grind to a halt or cave in(so to speak).
All well and good but there's some huge debts out there that,at the end of the day need to be repaid by someone or some people.
So whats he preaching? lend all those who are so grossly debt riddened or toxic at attractive or more favourable terms?to totally alleviate the huge debts!.
I don't think so.
Typical ALP way of thinking back in his term of office keep on spending and don't worry about the attached debts that may fall due down the track.
We all remember his departing gifts the 90b debt handed to the Libs and the LAW tax cuts which did not eventutate.
Let all those who basically let greed get the better of them and in turn overstretched their respective balance sheets into negative territory pay the price and if that price is a business liquidation or foreclosure then so be it!
In this way the market will over time rightly correct itself and the strong will get stronger its called gaining market share at others stupidity and nievity.
