Ask any farmer who took out a Swiss loan that became "the clever thing to do" 30(?)yrs ago ..... movements in exchange rates can put you underwater very quickly.
Also I'm not convinced that giving more banks carte blanche to "feed" off Australians is going to make any difference at all ie there are already essentially foreign banks here, but their interest rates here reflect the local status quo, not their home country's.
A strong "national/commonwealth" bank (even the names are no longer ours !!) with base business from gov employees & all citizens super + being a NFP would really sharpen the parasite game
