If anyone doesn't understand what a manufactured default is, I thought the article from the UK is a good example. Note how a prosperous company who does not have any monetary defaults can be easily put into receivership and subsequently "price gouged" for profit with "default fees and rates" http://commbankdiaries.com.au/2013/12/manufactured-default-look-like/
CliffNotes: BankWest started treating loan customers as being on default for discussing alternative repayment arrangements from what is already established. This is based on an extra-aggressive interpretation of one clause (24.6) on the loan and/or credit facility contract. Also read "A CommBank career leaves much to be desired", especially about what happened to the ex-employees investment property price evaluations when he tried to sell out of a CBA fixed-term loan. http://commbankdiaries.com.au/2013/11/commbank-career-leaves-much-desired/ On a note about intellectual honesty, the entire site is a hatchet job about CBA/BankWest so I don't expect the publishers are 100% up-front about any details detrimental to their POV.