Quote:
Originally Posted by casstony
Julian, the banks understand exactly how the financial system works, the plebs have no idea and the banks take advantage of our ignorance. Have no doubt that the condition of our economy is a top down phenomenon.
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Sure Tony absolutely the banks take advantage however the plebs have to learn how to just say NO. No to easy refinance , no to redraw to pay for the Xmas layby, no for the negative geared property on borrowed money.
Credit is so easy to obtain yes the banks need to have checks to not accumulate bad debt but so do consumers...
Thanks Julian