Australia might need a Govt owned bank again

Sorry OT re climate. On the eve of the release of the Banks Royal Commission reports I hear news that the banks are tightening loan requirements. Well if that happens to impair business’s and normal economic activity, the normal ability of people to raise loans. Then the Fed Govt could form a new Commonwealth owned bank and compete in the market as they saw fit. Or bring in more foreign banks to compete with big 4 a-holes.
Most States have had “State Banks” and there have been financial disasters but some have been well run.
But hey why not “Bank of Australia”.

via Errors in IPCC climate science

February 4, 2019 at 12:17AM

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