Very interesting video on some "hometruths" of what the banks are really up to and why.
Fudging their figures to maintain credit ratings in order to get access to cheap finance.
Government won't touch them. Government all for it IMO and I wouldn't believe a single figure
from government agencies like the ABS, the Australian BS organization.
All in partnership with the RBA to prop up the loans to subprime customers.
Not going to end well IMO. Yes prices still going up, but the it goes, the worse the damage will be.
http://www.abc.net.au/4corners/stories/2016/05/02/4451883.htm
