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Australia/New Zealand... Pre-planned Banking Crash - Comming Soon?
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reply to post by triune
not entirely correct.
The banks mitigate risk on the borrowing.
In the case of unsecured debt, the risk is higher, so the interest is higher.
margins are actually pretty slim, when factoring costs, from the business perspective.
The banks make money from fees and unsecured loans. IE credit acrds. Thats the largest margins.
The problem we have, is, inflated property prices driven by demand. As demand subsides margins shrink.
not entirely correct.
The banks mitigate risk on the borrowing.
In the case of unsecured debt, the risk is higher, so the interest is higher.
margins are actually pretty slim, when factoring costs, from the business perspective.
The banks make money from fees and unsecured loans. IE credit acrds. Thats the largest margins.
The problem we have, is, inflated property prices driven by demand. As demand subsides margins shrink.
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