https://www.abc.net.au/listen/programs/pm/two-major-banks-reveal-a-blow-out-in-bad-debts/7275832
Comment by tonytran2015: The two Quantitative Easings 1&2 had baited people to take loans which are too big for them. Then successive rises in interest rate make those with excessive loans go bankrupt. So by pushing interest rate down for few years to create complacency then pulling it up quickly the interest rate setters had successfully sent many borrowers into bankrupcy to takeover their businesses at cheap prices. That is how some group can own quite a lot of businesses. It looks like there has been a conspiracy.
… ANZ was first bank to frighten investors this morning when it revealed that it would be putting aside an extra $100 million to cover deteriorating loans to a couple of big miners. An hour later, Westpac admitted consumer loans in the resources states of Queensland and West Australia were experiencing stress…
Additional survival tricks 