Allow overseas banks in to clean up the local banking mess. Competition is sometimes better than government reform.
StephChalm JoshFrydenberg A credit crunch will come at the latest when there is another oil price shock. It may happen at a lower oil price than in 2008 because the 2nd heart attack will be more difficult to survive. The BankingRC has NOT analysed this vital issue
Nothing will bring down house prices more than the same way they went up. The ease at which people can borrow money has a lot to do with vendors increasing prices as much as demand.
The entire system is built on credit... Some exciting times lie ahead, me thinks. 😉
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