the banks being allowed to source money from over seas for the sole purpose of inflating a property bubble
this has had the effect of stuffing our balance of payments and reducing the international purchasing power of our money giving everyone a lower standard of living. Our dollar should be higher than it is - to a point though otherwise no one could afford to come here for education, tourism, agri products etc
Now we have situation where should our property bubble burst the banks will need a taxpayer funded bailout. so the banks win either way
