fully agree Fabias.
Our banks and Canada's strong , look at the weaker funded banks in Europe , look at Europe's chaos now...
Who causes infaltion...mainly Govts
who increases rates to counteract infaltion ..Central Banks..govt..in our case RBA
who then charges banks for funds ..RBA..govt
so out of say 7.5% mortgage rates , the RBA gets say 4.5% for doing diddly squat and the banks make 3%.. less all their costs etc..
who makes the lions share of profits...the RBA gets this from ALL the banks..
So Mr Swan if you want to decrease the mortgage rates get the RBA to decrease their bank lending rates .
praise and support, page-4
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