I am not to sure how long ago it was but I will guess about12/13 years the Westpac Bank (may have been Bank of NSW then) nearly went down the gurgler, kaput, bankrupt & one of the causes was loans of around 90% of the then valuation to propery buyers. I think their share price was about $1.40 at the time. So perhaps if you care to search the archives it may be an interesting read.
What have banks learned since then? Apparently not much as apparently 90% loans are all go.(previous posters)
- Forums
- ASX - General
- interest rates..2 fix or not?
interest rates..2 fix or not?, page-40
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)