Friday, May 15, 2015

Does APRA even have the rights to do this?

What right does APRA have to enrich "owner occupiers" only.

Do they even have the ability in their charter to implement this?
- http://www.news.com.au/finance/business/nations-biggest-banks-scales-back-on-investment-loans/story-fnkjidjt-1227355548183?from=public_rss

Surely there is a class action here against APRA singling out investors only to implement their "currency controls"

They are basically saying this class of people deserve to benefit from asset inflation and this class of people don't.

Thoughts?

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