US housing markets going to denonate again soon, told you all 18mths ago.
The government bailed the banks out last time so there was no need for them to change their lending habits.

Armchair Critic said- "US housing markets going to denonate again soon, told you all 18mths ago. The government bailed the banks out last time so there was no need for them to change their lending habits."

Answer- Yes you always seem to make sense Armchair Critic. I agree last time they should have let the banks fail. Not sure what other competing interests are in play this time but generally it sounds like the best course of action to let them fail.

CM and AC, I agree completely.
The problem is, as long as we have scum like the Rothschilds, the big banks at least, will not be allowed to fail as it is not an option of the 'Elite' or more to the point, the people who control the banks and therefore the world.
The Rothschilds, through the Bilderberg Group.
The Rothschids have been responsible for financing wars as far back as the Napoleonic War.
The scumbag hedged his bets by lending a million pounds to King what's his face, and to Napoleon.
In doing so he blackmailed England and is still getting payments today.
He ruled over the city of London and Wall st. just to name two.
The original filth may be dead but his legacies live on in the form of the Bilderberg Group.
This Royal Commission into banking is just another red herring.
Nothing of any substance will change.
Unless we get behind Katter and help him push through the Glass-steagall bill, we will be no better off.
This bill returns the banks to what they were before.
The banks were a service to the community offering home and small business loans.
Instead the Glass-Steagall act of 1933 which was meant to separate commercial banking from investment banking, and is why we end up with GFC's and where the money goes, was repealed by that idiot Bill Clinton, effectively giving the keys to safe so that banks can use depositors money as leverage against bad investments.
So when the 'Too Big To Fail Banks' are on the brink of failing, they just reach into consumers bank accounts and take however much money they need to put the bank back in the 'black'.
This is called 'Bail-In'.
Look it up, it gets worse.
So we MUST get Glass-Steagall back or we will keep feeding these scumbags making them richer and the people poorer.

ALTRAV bet you cop a lot because of those views, see I share them.
IF only we could get people to look behind international banking.
If they just cared enough to find out who owns Americas reserve bank.
Even how much cash banks can lend, while not owning the money they lend.
Profits are made in every crash, some crashes are hard GFC, some not so, we know as you said in a post here investors will be hurt.
But out there right now, sitting in front of the big screen TV new car in the garage, house loan they already struggle to pay, are folk who ARE going to suffer.
You seem to know who will profit from their suffering, it will not be this country or us, pain is coming.

Bitcoin or similar Block-Chain could be the answer to the banks, LIBR, S&P, etc, etc. At least the "Reserve Bank of Australia" is somewhat government controlled. There are still issues with Bitcoin/ Block-Chain and tax and forex.

CM I cannot shrug this feeling of disdain and disapproval towards these 'pop-up' electronic currencies.
With very little research and assessment of them, I find they are little more than electronic PONZI's.
Yes, electronic money, pyramid schemes.
For an over simplified explanation, I find that the success of these 'schemes' rely on the continual injection of money by the beginner, for the existing members to benefit at exorbitant amounts.
I find myself preaching caution and constraint to friend and foe alike, in warning them of the ole' saying, 'if it's too good to be true, it usually is not true'.
I observed the pattern to be similar to a PONZI or even a mix of ponzi and pyramid schemes.
I'm not well versed enough in financial lingo to be able to explain it.
Still, it might just be me, I am not a gambler and so avoid such activities like the plague, even though I am shown convincing evidence to their bona-fides and better than market returns.
Maybe just my gut feeling then.