There is book knowledge and there is street knowledge. Fortunately for me I have a significant portion of both. Let me tell you the best lessons are learnt from real life. FACT I know the CPI has been rising quarter on quarter and I can prove it from my super payments. What were things worth 3 years ago?. I know things are more expensive now and no one quoting rules and paper regulations can tell me otherwise.
Bank rules and regulations are great except for one thing. Operational precedence and requirement will always override the rules and that is a fact. By operational requirement I mean the goals and ambitions of the banks. Timber thinks the GFC was a genuine mistake. Once is a mistake but continiuly for ten years is not.
GUN LAWS IN THE U.S. OBAMA failed to change the gun laws at all, it was defeated by a minority vote. Profit by the arms manufacturers unfortunately overrides school massacres, this is a tragedy.