Australia’s most experienced advocate for victims of predatory bank lending has slammed as “insane” Prime Minister Scott Morrison’s policy to lower bank lending standards to boost economic activity.
The nominally “Australian” think tank behind the widely reported accusations that China is using its Uyghur Muslim minority as forced labour is itself sponsored by American and British arms companies that have profited from forced prison labour.
The Big Lie of the Australian financial system is that it remained sound during the global financial crisis in 2008, due to the effective oversight of the Australian Prudential Regulation Authority (APRA).