Wonder how much pressure was put on Australian banks by the US/UK banks to bend the rules of lending.
Asset bubbles can be created so easily by banks...... and it is not hard to see how they clean up with the bubbles bursting.
How much are banks tied in with super funds, equities, real estate, insurance?
Until the banking system gets TRULY cleaned up, the bankers will be able to burst our bubbles.... just as they did in the USA, shafting the middle classes.
Someone printed the amount of debt in the world the other day. Debt created out of virtually nothing, dispensed by the banks.... when will people realize they are being enslaved by the few?
