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.