Difficult debt is descending on many borrowers. Many risk losing their homes, farms businesses. Let’s save them, but first ask why it has happened and who benefits most. Bankers perhaps?
Teachers taught writing in the 1940s & ‘50s but can’t teach it now!! Few can read & understand their bank loan contracts.
A regulated casino is deemed not fit to hold a licence; pays $100m and is allowed to continue operating! Corruption or fair? Banks who give loans to cover losses, receive profits in deposits.
Medicare (taxpayers) robbed of $8 billion! Bankers who lend to government benefit.
Political donations and fundraisers deliver favours to donors (like big banks?). Pure corruption! What about 100% government funding, for those who do not accept any other funding.
Pork barrelling pleases voters and politicians but disadvantages those in safe electorates! What about a ban on grants in 12 months preceding election? And make bank loans declarable by politicians voting on matters that benefit banks.
Federal politicians pass Credit Act to prevent skilled consultants not in the pay of the moneylenders (bankers) from rescuing destitute borrowers facing foreclosure. More corruption! Who benefits? Bankers!
It can be – because voters have failed to direct their parliamentary representatives to Advance Australia Fair, leaving MPs and voters at the mercy of the self-interested and corrupt ( bankers?).
Time to take control voters!! Join FairGO’s Voters Network and guide government through your elected representatives (MPs) so that vulnerable borrowers get treated fairly. Aussie debt solutions lie in parliament.