Punter S Politics
@punterspolitics·246K subscribers·324 videos
Australia's RIGGED Housing System: Can the USA help us Fix it? | Punters Politics
Posted
September 10, 2024
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75,420
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September 10, 2024
75,420
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Australia's banking system is rigged in favor of the big banks, leading to record profits for them while everyday Aussies struggle with rising interest rates and mortgage repayments. The lack of competition in the banking sector allows banks to pass on costs to borrowers without sharing the benefits with savers, resulting in a massive transfer of wealth from the average punter to bank CEOs and shareholders.
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