well when it comes to deposits and mortgage lending why do we need banks anyway?
a home loan should be based on how much tax you have paid, how much you earn and how much you save
the ATO could have savings/deposit accounts and assess you for a home loan based on a formula
the government backstops the bank on both deposits and mortgages so why do we need the banks for that? -money for jam
let them do commercial lending and other things
