Irresponsible lending created the GFC (ODT)

The Morrison Government’s emergency measures to protect the economy are another massive subsidy from embattled taxpayers to Australia’s largest corporations. They are a failure of government to govern. Michael West reports.

Question: why would a bank lend money to a business with no customers?

Answer: it wouldn’t.

Question: who will benefit from the Reserve Bank’s massive loan and money-printing program?

Answer: banks, bond traders and corporate customers.

Bankster Bailout: will the trickle-down package trickle beyond the banks and big business? – Michael West