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Yes, that is what I thought also. On one level, it might protect Australians from bail-ins and the like, but on another level, they are really hurting the prudent and cautious people out there who don't want to gamble in a housing casino or who aren't "in the market" yet, don't understand the...

Honestly, I don't know. What I think though, is that they (APRA/RBA/BIS) have taken some lessons from the 2008 GFC sub-prime fiasco and have mapped out a process for ring fencing these sub-prime mortgages within the bowels of the RBA so they can be monetised (financially annihilated) as and...

I note that Steve Keen seems to have thrown in the towel on the ability of the housing market to significantly correct itself.

First some definitions to get you on the page: Here's the thing. If the RMBS market is the strongest it has ever been, why in the world does the RBA need to buy self-securitised mortgages from the banks? Can't banks just sell all their mortgage risk onto SPVs and through to institutional...

I have contacted the Senate's Petition Officer directly to enquire about the process and progress of this petition and can provide the following update: 1) The petition will be "tabled" in the Senate on December 2 and recorded in the official Hansard parliamentary journal for that day; 2)...

Thanks for that, but we aren't done yet. The effort now is in lobbying Senators to support the petition when it is tabled in the Senate and for those that care enough, that's something anyone with email, a phone or a pen can do. I encourage everyone to identify their local senator and make...

That's great, BB. Anything you can do is fantastic.