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New campaign calls on politicians to 'level the playing field' for lenders

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Australian Broker | 18 Feb 2013, 07:03 AM Agree 0
A new campaign aimed at increasing competition in the banking sector is being launched today
  • Peter Fast | 18 Feb 2013, 10:28 AM Agree 0
    I just wonder what sort of questions they put to the voting public? Show us!! Sounds like another "compare the pair" campaign in it's infancy to me. Brokers , watch your backs,
  • Kym Dalton | 18 Feb 2013, 01:31 PM Agree 0
    Not agreeing. Socialism espoused level playing fields and that experiment didn't end too well. Our free market system 'requires' that so called "level playing fields" are at times imbalanced, with the market system, when acting lawfully, allocating and re-allocating economic resources efficiently over time such that imbalances correct. Politicians attempting to correct perceived 'imbalances' are bound to cause more imbalances, demanding further 'corrections'- leading to further imbalances etc. Credit rationing, exchange controls and 'capital strikes' are but some of the by products of meddling with lawfully operating free financial markets
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