Or is it a recipe for more economy hardship for the battlers of this country. The notion that easier credit puts more cash into the economy, and thus by stimulating spending the economy improves. This sounds well and good on the surface, but who foots the bill? The answer to that is those who can least afford it. This move is fraught with disaster, for workers and small business operators alike, already under economic stress from the Morisson/Frydenburg imposed recession. Who should benefit from the easing of credit restrictions, the Coalition friendly big banks that's who! The changes will also remove some of the burden on banks to ensure people do not enter into loans they cannot afford to pay back, Frydenberg said the changes would significantly cut red tape, for whom the banks of course. Just as a used car salesman is in the business of selling dodge old cars, the banks are in the business of selling dodgy old credit. The track record of the big banks acting dishonestly has been well and truly exposed by the Royal Commission. Should this "easing of credit" come into law, then the foreclosures, bad debts, bankruptcies etc, plus a host of social problems, family breakup, suicides etc will all increase.

BTW; Household debt in Australia is the second highest in the world, as a percentage of GDP, second only to Switzerland.

There's only one recession buster but the bureaudroids don't like to implement it. A reduction in Public Service high-end Bureaucrat salaries !

Paul1405,

Soot Morrison and his sidekick Frydenberg are going to allow companies to trade while insolvent as a way of keeping taxpayers in a job.

I wonder if nobodies like me will be allowed to ask a company if it is operating while insolvent before I sign a contract for it to supply any goods and services to me.

Or is that the risk taxpayers will have to run so that Soot and his sidekick can tell Australia "Look, people are still working and unemployment is under control. We're on your side. Look how we took control of the situation in Cobargo."

Misopionated,

I presume you're talking about the bush-fires last year. Morrison is in charge of the federal government. Bushfire control is a state government responsibility, over which Morrison has no control.

Pity you've never studied sociology, or public policy or politics.

Joe

FOULmouth,

I thought Homer Simpson was a cartoon character until I met you.

You're so ignorant you cannot make out when someone is being sarcastic. Come to think of it that is actually a Simpsonism.

Westpac has been fined $1.3 billion for doing business with paedophiles and other criminals. All while pocketing big profits for such activity, which they knew about for years. Disgusting that the recession kids, ScumO' and Friedbrain, want to give these shonks open slather to rip off the unsuspecting!