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Non-banks being 'squeezed out'

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Australian Broker | 15 Jul 2011, 06:00 AM Agree 0
Banks have continued their lending dominance, with the MFAA claiming other players are being "squeezed out of the market"
  • Ray Cooper | 15 Jul 2011, 11:00 AM Agree 0
    MFAA for the last two years have supported strongly policies that favor the Banks, the Banks are the strongest supporters of the MFAA financially. His comments appear hypocritical.
  • King Wally | 15 Jul 2011, 11:10 AM Agree 0
    The major banks are no different to the big Investment Banks in the US that ran Govt. $50b worth of credit card debts at 20% plus pa, who needs to make a margin on a mortgage, maybe we should be looking at a Glass Steagall type act that caps banks that provide mortgages and credit cards to 6.5% pa above the SVR on cards. Buy banks shares, surely no one could stuff up an Aussie major, money for old rope!
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