One of the worrying things is that this potentially gives carte blanche authorisation for insurers to up, already scandalous premiums. After all the banks and insurance companies need a new target to mis-sell, rob and corrupt the present robbing writ large that goes on in the form of insurance, assurance and charges for managing such a process. Do I trust ulterior motives of the RBA and the insidious world it represents? Absolutely not - actions speak louder than words. And they are corrupt beyond belief. Bankers in he old days, pre-deregulation, used to earn respect. Now you wouldn’t piss on one if it was on fire.
