Why is there monopoly greed, while their cost of funds is falling?
The ANZ has just obtained a 5-year fixed loan on $1B US at a coupon rate of just 0.625%.
The state of purpose of this low-interest money is to "project finance for corporate loans to projects and businesses ....". Yet, RBA's own reports show that these loans are going out and are being charged out up to 9% interest.
A - 2007 there was Banking Competition
B - 2017 there is a Banking Monopoly
Stay tuned,Is the Treasurer going to do a Costello and pick up the phone and reign in the bank monopoly greed?
Kevin Young
The number of Australians aged 100 or over has reached a record high of 6,192, a sixfold…
There are now a record 642 centenarians in Western Australia compared to just 67 in 199…
With Australia’s annual rent bill blowing out by $44 billion per annum over the last…
Our mission is to help the average Australian learn the property market dynamics and discover the amazing opportunities that exist in real estate.