The lending rules of our banks have contributed to the mortgage crisis people now face. When interest rates were at record lows, banks were only too willing to allow borrowing. They surely would have been aware this would be unsustainable when interest rates inevitably rose. The lending rules of our banks have contributed to the mortgage crisis people now face. When interest rates were at record lows, banks were only too willing to allow borrowing. They surely would have been aware this would be unsustainable when interest rates inevitably rose. National / NSW Sydney Morning Herald – Latest News
Tsunami of financial distress a sad indictment of society
