Iv'e mentioned the govt. tinkering in the RMBS market on here before. It is not the govts. role to underwrite bank profits with taxpayer funded deposit guarantees and schemes designed to keep house prices high by purchasing RMBS securities or throwing around taxpayer funds on ill advised FHOG which infact have the opposite effect of the one that is desired.
We haven't had a decent govt./PM in power since Keating left.
swans spends $370 billion on oz mortgages!!, page-9
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